Bloomberg's admission that its reporters had access to some client information on its data terminals indicates an oversight failure, and an independent review is needed, former SEC Chairman Harvey Pitt tells CNBC.
The escalating controversy over Bloomberg reporters accessing private information on Wall Street through the company's terminals puts the data and media empire founded by New York City Mayor Michael Bloomberg into strange, new territory.
Barclays and a Saudi prince are at the center of a U.S. Department of Justice probe into whether the U.K. bank made improper payments in the middle east kingdom.
News that former Enron CEO Jeffrey Skilling may get out of prison early isn't sitting well with some of the company's former employees.
As close to 2 million college students prepare to graduate, a study finds that many of them face what it calls a "unique paradox."
Bloomberg in hot water over leaks.
In a recent meeting with investors, James Dimon raised the possibility that he might leave J.P. Morgan Chase if shareholders vote to separate his roles of CEO and Chairman, according to people who attended the private meeting at the bank's headquarters.
UBS has appointed James Palmer as its new head of equity capital markets for the Americas, according to an internal memo obtained by Reuters.
Wall Street bulls are raging mad at Bloomberg.
The Wall Street Journal's 'MoneyBeat' column reports that Morgan Stanley’s deputy head of investment banking, Ji-Yeun Lee, left the firm in recent weeks, according to people familiar with the company.
Deutsche Bank will close its Russian banking and securities businesses as co-CEO John Cryan presses ahead with a plan to exit some countries and the lender grapples with a probe into alleged money laundering at its Moscow office.
The head of Hong Kong's stock exchange, Charles Li, recommended hiring children and acquaintances of top Chinese officials while he was Chairman at the China unit of J.P. Morgan Chase, according to a Wall Street Journal report.
Stepping into the offices of Robey Warshaw, the Mayfair-based boutique bank advising on the potential blockbuster takeover of SABMiller by Anheuser-Busch InBev, is like going back in time to a world before the rise of the global investment bank.