The memo landed on a Sunday in November. It was 2007, and securities backed by subprime mortgages were roiling markets and imperiling banks. Merrill Lynch CEO Stan O’Neal had just resigned under pressure, and Citigroup CEO Chuck Prince was rumored to be on his way out.
More senior staff are expected to be on hand during the night.
At issue is whether Goldman violated the law when it didn't inform regulators about a potentially suspicious transaction involving 1MDB, the Wall Street Journal reports.
Deutsche Bank, traditionally the go-to lender in Europe’s largest economy, is the most notable absentee in the year’s largest takeover.
Six Taiwanese banks filed a lawsuit against a unit of Nomura Holdings Monday, saying it failed to extend its portion of a syndicated loan to a now-insolvent shoemaker, Ultrasonic.
The first quarter of the year has seen the highest value of mergers and acquisitions involving UK firms since the financial crisis, owing to two big takeovers.
KCG Holdings, the high-frequency trading firm that nearly imploded almost four years ago, is losing three high-profile executives to investment bank Cantor Fitzgerald, The New York Post has learned.
Citigroup’s share price could double in the next four years as the lender simplifies its businesses and returns more capital to shareholders, Portales Partners analyst Charles Peabody said.
The former chief executive of the London Metal Exchange, which was bought by rival Hong Kong Exchanges and Clearing four years ago, is considering setting-up a competing trading platform.
June 24. The Brexit referendum result is in the books. Everyone wakes up dazed and wonders “what next?”
ABN Amro Group Chief Executive Officer Gerrit Zalm is stepping down in 2017, saying the bank needs a longer-term leader following its break up and return to the stock market.
Britain's shock vote to leave the European Union chilled deal making activity involving British companies to the lowest level in at least two decades as bosses grapple with what Brexit will cost, Thomson Reuters data shows.
Several years after the financial crisis, banks have not completely cleaned up their act, CFPB Director Richard Cordray said.