An increase in profits at the big five UK banks was wiped out by more than £11bn of fines and compensation payments in 2012.
Making lemonade out of lemons.
Juerg Buergin, a former UBS executive, must face trial on charges he paid for sex with an underage prostitute in Singapore, a judge ruled.
Just as the technology industry’s glass ceiling is being shattered by high-profile executives like Facebook's Sheryl Sandberg and Yahoo’s Marissa Mayer, Silicon Valley is showing signs it’s still a boys club.
Goldman Sachs has been granted approval to build a new 'banking factory' in London, ending a protracted bid to develop the site that was held up by protected murals on the existing building.
Schroders, Europe’s biggest publicly traded money manager, agreed to buy Cazenove Capital Holdings Ltd. for $646m to expand its private-banking operations.
David Parse, a former Deutsche Bank accountant, was sentenced to three and a half years in prison for his role in what prosecutors claim is the biggest criminal tax-fraud prosecution in history.
The U.S. Department of Justice is in the advanced stages of an investigation into whether former traders in JPMorgan Chase's chief investment office in London engaged in criminal misconduct in the marking of credit positions last year, according to someone familiar with the matter.
Ford and its Indian advertising agency have apologized for ads showing women in bondage and admitted that they should never have been created at all.
Barclays has accidentally bought a £600m stake in a Dutch cable TV business after the bank botched the sale of private equity shareholdings in the company.
When the folks who run the LeBron James Family Foundation want to track the academic progress of students it helps, they turn to an unlikely developer of software programs: JPMorgan Chase.
China’s stock-market collapse has put an abrupt end to Citic Securities’ ascent among the world’s biggest brokerages by market capitalization.
Royal Bank of Scotland has lost a bid to escape a U.S. regulator's lawsuit accusing it of misleading Fannie Mae and Freddie Mac into buying $32bn of mortgage-backed securities ahead of the financial crisis.