Former customers of Jon Corzine's collapsed brokerage MF Global would recover most, and probably all, of their money under the latest projections by the trustee liquidating its bankrupt parent company.
And it's time to speak out.
No more cock-ups or unethical behaviour.
Harvey M. Schwartz, who became Goldman Sachs' Chief Financial Officer last week, owns stock and options in the bank worth about $75m.
The Office of the Comptroller of the Currency told U.S. lawmakers it missed changes to JPMorgan Chase's risk-tracking system that could have alerted the watchdog sooner to the bank’s mounting derivatives bets, a person with direct knowledge of the matter said.
Any fines by US authorities on Royal Bank of Scotland over the Libor scandal should be met by bankers not taxpayers, UK Chancellor George Osborne has insisted.
Bethan Wilde, the only woman trader on the floor of the London Metal Exchange, was hired by Hong Kong Exchanges & Clearing Ltd. as senior manager of business development and strategy.
Barclays has announced that the Group Finance Director Chris Lucas and the Group General Counsel Mark Harding have decided to retire from the company.
Barclays has form as a clever-clogs deal-doer. In the infamous Protium transaction in 2009 it cast off a $12.3bn collection of toxic assets to a Cayman Islands-registered fund, led by departing Barclays employees, which borrowed a cool $12.6bn from Barclays itself to do the deal.
Bank of America experienced widespread outages Friday on its website and mobile banking apps due to an internal technical malfunction, according to a person familiar with the situation.
FX traders are behaving themselves in the wake of a series of fines and investigations, according to Chris Salmon, the Bank of England’s markets boss.
New York’s banking regulator is probing a new communications provider backed by several Wall Street firms that markets a messaging service and its ability to delete sensitive bank information.
Citigroup’s head of investment banking in Japan, Yuichi Jimbo, is leaving the company, a person with knowledge of the situation said.