Dick Fuld, Sandy Weill, Jimmy Cayne, Bernie Madoff, Jamie Dimon, John Mack, Hank Paulson, Bob Diamond. Some crackers here.
Boston - A former personal banker with Bank of America’s Reading branch was indicted Monday for allegedly running a Ponzi-like scheme, luring friends and family into investing millions into fake accounts by promising high returns and eventually stealing from elderly bank customers to pay the investors, according to Attorney General Martha Coakley.
Bank of America and Barclays are among more than a dozen banks sued by the Regents of the University of California over claims they manipulated the London Interbank Offered Rate.
Wall Street banks are being investigated for transactions that violated sanctions on Cuba, Iran, Myanmar, Sudan and other countries with ties to terrorism, New York state's chief financial regulator revealed Tuesday.
Pimco's flagship Total Return Bond Fund took a hefty hit in June, due to the sharp rise in bond yields that was sparked by fears the U.S. Federal Reserve will scale back its asset-purchasing program.
Sad to report the death of a colourful character.
UBS has said that the France's banking regulator has fined the bank’s unit in that country $13.1m and reprimanded it for insufficiencies in controls and compliance with French clients.
The Irish prime minister has pledged to open an investigation into the €30bn (£25.5bn) bailout of Anglo Irish Bank as it emerged that an executive sang "Deutschland, Deutschland, über alles" as colleagues joked about German money flowing into the country after a state guarantee of the institution's deposits.
Barclays’ external legal advisers are expecting widespread spending cuts by the bank’s legal function as part of its Transform Programme to drive efficiency and improve the UK lender’s image.
The Anglo Irish Bank revelations get worse.
Still, the Supreme Court decision could free up an additional $1.25 billion to be returned to victims of the epic Bernard Madoff Ponzi scheme.
ANZ bank has pledged not to finance traditional coalmining projects and to provide at least $10bn in funding for renewable energy, reforestation and energy efficiency.
Global investment banking fees - top 25 banks for the first nine months of 2015. Data compiled by Thomson Reuters.