A senior Royal Bank of Scotland executive has appeared in court in Moscow to face charges of defrauding investors of £6m in an elaborate finance scam.
KPMG plans to take legal action against former partner Scott London, who has been accused of passing on inside information about clients to a golfing partner in exchange for cash, a Rolex watch, dinners and tickets to shows.
A London appeals court refused to block Highland Capital Management LP’s Texas fraud lawsuit against Royal Bank of Scotland over a collapsed debt deal.
Just 30 out of 227,000 people have failed the City regulator's "fit and proper" test to take on some of the most risky jobs in British banks since the onset of the financial crisis.
At least he said sorry.
JPMorgan Chase’s corporate and investment bank cut employee compensation costs 7% to $3.38bn in the first quarter as the division generated 9% more revenue.
CIBC has announced that it has entered into a definitive agreement to acquire Atlantic Trust Private Wealth Management from its parent company, Invesco.
Slowest Start for Energy & Power M&A Since 2005
Wells Fargo reported a 23 percent jump in first-quarter profit on Friday as the bank set aside less money to cover bad loans and it held down costs.
In his first TV interview since the company reported record profits, Fannie Mae CEO Tim Mayopoulos told Bloomberg TV's Peter Cook that U.S. taxpayers could see a net gain from their bailout as the housing market rebounds.
Months after his ouster as CEO of Standard Chartered, Peter Sands is setting up a bookstore in the same district as London’s Arsenal soccer stadium.
The stock market turmoil of the last five days, following weeks of broader declines that have left half of this year's newly listed stocks below their offering prices, could slow the already cooling U.S. market for initial public offerings.