For the Department of Justice's basic theory of the case to make sense you have to believe that the investment banks creating collateralized debt obligations wanted high ratings at any costs-even if the ratings were highly inaccurate.
By Hiroshi Mikitani
Would you make the cut ?
Morgan Stanley, once the preferred takeover adviser of Dell Inc., missed out on a role on the biggest technology buyout since the financial crisis, depriving the firm of a share of more than $100m in fees.
Royal Bank of Scotland has warned the stock market it faces 'significant penalties' and other sanctions from regulators in the UK and the US for its role in rigging Libor.
Barclays had an 'aggressive' and 'self-serving' culture under its former boss, the new chief executive has told MPs.
The chairman of Lloyds Banking Group, Sir Winfried Bischoff, has said that employees' bonuses this year will be the 'lowest undoubtedly of any bank'.
The chief executive of Royal Bank of Scotland has promised that "wrongdoers" involved in the Libor-rigging scandal would be punished as the bailed-out bank braced for a fine of up to £500m.
After nearly 20 years, Jim O'Neill, chairman of Goldman Sachs Asset Management, has decided to retire from the firm later this year.
Deutsche Bank has announced it has been ranked No. 1 for the second consecutive year in Institutional Investor’s All-Europe Research, Sales and Trading Team survey, the benchmark on the region’s best sell-side equity sales, trading and research teams for 2013.
Royal Bank of Scotland said it would speed the breakup of its investment bank after the division’s losses ballooned, and predicted the division would shrink to near-insignificance as early as 2017.
Wall Street's appeal for Chinese companies seems to be waning, with a sharp rise in the number of firms planning to delist from the U.S., despite the turmoil in the Shanghai stock market.
JPMorgan directors don’t have to face claims that they failed to ensure the bank had robust programs to police money laundering and cost the company more than $2bn in fines.