Europe's biggest bank HSBC reported a full-year pre-tax profit of $20.65 billion, much lower than a forecast of $22.7 billion, according to a Reuters poll of analysts.
The former JPMorgan trader known as the 'London Whale' was not responsible for Lehman Brothers' bankruptcy and should not be dragged into an $8.6bn lawsuit accusing the largest U.S. bank of causing it, JPMorgan said.
When a 32-year-old dotcom multimillionaire known for his "goofball" approach to business is fired, the chances are he is not going to slip out the back door, hanging his head in shame.
One of London's most successful hedge fund managers, Patrick Degorce, has been forced to part with millions of pounds in tax after Revenue and Customs persuaded the courts to throw out a complex film financing investment which sought to shelter earnings of almost £19m.
Here's Fortune's current Top 10 and some other interesting rankings.
Everything you need to know about bonuses.
Groupon CEO Andrew Mason was handed a pink slip Thursday, fired after the company reported disappointing fourth-quarter results along with a dim outlook.
And it ain't Goldman Sachs.
Deutsche Bank was cut to sell from hold at Goldman Sachs, which said Europe’s biggest bank by assets may have to transfer $13bn to its U.S. unit under new capital rules.
Guessing the number of billionaires in the world (or even in a single country) is just that -- a guessing game. But it's a highly profitable and increasingly popular one.
The Securities and Exchange Commission has announced that Guggenheim Partners Investment Management has agreed to settle charges it breached its fiduciary duty by failing to disclose a $50m loan that one of its senior executives received from an advisory client.
Silicon Valley is taking on Wall Street right where it lives: in financial services that big banks either have ditched or haven't latched onto yet.
Former Federal Reserve Chairman Alan Greenspan spoke with Bloomberg's Tom Keene about the U.S. economy, bond market and Fed policy.