Jacob Gottlieb’s Visium Asset Management, the once high-flying hedge fund firm that at its peak managed $8bn, is shutting down four of its remaining hedge funds after one of its star managers was arrested and accused of insider trading.
HSBC will pay $35m to end private U.S. antitrust litigation claiming that it harmed investors by conspiring with other banks to manipulate the yen Libor and Euroyen Tibor benchmark interest rates.
Leonardo DiCaprio has been ordered by a judge to give testimony in a lawsuit surrounding 2013 comedy The Wolf of Wall Street.
Banks and stock exchanges are warning clients of difficult, volatile trading conditions in financial markets, flagging the risk of large gaps in pricing of assets when Britain votes next week on European Union membership.
It's not easy leaving an empire and trying to build another one, but Janus Capital Lead Portfolio Manager Bill Gross said it's something he had to do.
Royal Bank of Scotland is in talks to sponsor English cricket as it looks for ways to promote its NatWest brand in England and Wales.
Things aren't expected to get better for IPOs this year, but 2017 is ramping up to be a great year, EY's Jackie Kelley said.
In a world where markets move at lightning speed, the IEX Group has won a victory by staking its business model on (marginally) slower trading.
The Bank of England plans to encourage innovation in financial technology by collaborating with companies who are designing innovative payment systems and cyber security, to further build on Bitcoin’s blockchain concept.
Central banks have boosted their gold stocks by almost 10% since the financial crash, reflecting its renewed attractiveness as a safe haven in an environment of uncertainty and low or negative interest rates.
The Securities and Exchange Commission has announced that public accounting firm Ernst & Young has agreed to pay $9.3m to settle charges that two of the firm’s audit partners got too close to their clients on a personal level and violated rules that ensure firms maintain their objectivity and impartiality during audits.
The chief of the embattled consumer bank told CNBC's Jim Cramer last week that "when we don't meet our goals with 100% right, I'm accountable."