Only in New York, kids...
Libor might stand for the London interbank offered rate, but from next year the scandal-hit benchmark rate will be run by the body that runs the New York Stock Exchange in the latest attempt to clean up the City.
The European commission is to unveil controversial draft legislation on a European resolution authority charged with deciding the fate of troubled eurozone banks.
For the first time since the 2008 financial crisis the ratings agency Moody's regards the outlook for the banking sector as being on a stable footing.
Banks are going to have a "pretty tough" time logging a 15th-straight quarter of higher year-over-year earnings, banking analyst Dick Bove tells CNBC.
New criminal sanctions targeting reckless misconduct by senior bankers will not help to promote economic growth or guarantee a systemic improvement in banking standards, warns the Law Society of England and Wales.
An investigation by New York Attorney General Eric Schneiderman, which on Monday forced Thomson Reuters to suspend its practice of releasing market moving data early to paying clients, extends well beyond Thomson Reuters, CNBC has learned.
If you want to see the big-swingers of the future in investment banking, don’t look on the trading floor – they’re more likely to senior employees based in technology teams.
Morgan Stanley named new co-heads of fixed-income trading in May, and has now combined the firm’s corporate credit and structured products groups in Europe and promoted other executives.
Moelis & Co., the advisory firm founded by Kenneth Moelis, told its bankers it will distribute $35m to investors and employees with a stake in the company, a person with direct knowledge of the matter said.
Credit Suisse has hired former Standard Chartered banker Richard Kao for its greater China corporate finance team, a source with direct knowledge of the matter told Reuters on Wednesday.
The top Democrat on the U.S. Senate Banking Committee is conducting a wide-ranging inquiry into Wall Street’s compliance with government enforcement settlements, following complaints that banks keep getting in trouble after being punished by regulators.
Morgan Stanley has hired Anthony Armstrong from Credit Suisse as co-head of technology mergers and acquisitions.