Goldman Sachs is facing sharp criticism over its potential profits for arranging a $3bn bond deal for a Malaysian government fund ahead of Sunday’s national elections.
Deutsche Bank and other foreign banks with major U.S. operations say a Federal Reserve effort to force them to meet local capital standards puts them at greater risk of failure, and their regulators warn of reprisals.
The Federal Reserve's commitment to loose monetary policy is likely to lead to asset and equity bubbles in the next two years which could be worse than the previous crisis, renowned economist Nouriel Roubini said in an opinion piece for Project Syndicate.
UBS should consider splitting its investment bank from the wealth management and Swiss banking businesses, shareholder Knight Vinke Asset Management said.
Daiwa Securities has boosted the bonus pool for its investment bankers and staff to the most in three years after posting its highest profit since 2006.
Three 19-year-old college friends of one of the alleged Boston Marathon bombers were charged with hindering the investigation in the days after the April 15 attack by throwing away evidence and lying to police.
Goldman Sachs’ deal with U.K. officials that saved the bank as much as $31m in taxes, according to an advocacy group, will be reviewed at a two-day hearing starting Thursday.
It looks like the banks are about to be in the dock again - over ISDAFIX this time.
Scotland's chief legal officer has rebuked Vince Cable for intervening in Scottish prosecutors' deliberation about whether or not to take action against the directors of Royal Bank of Scotland (RBS) at the time of the taxpayer bailout in 2008.
China is planning a “circuit breaker” mechanism to prevent any further losses on its volatile stock markets.
More than 2,000 City financiers took home more than £730,000 (€1m) in 2013, according to the EU banking regulator. One was handed more than £13m.
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