Gone but not forgotten.
Jefferies Group has said fiscal fourth-quarter profit rose 48%, beating analysts’ estimates, as trading revenue surged.
The National Credit Union Administration (NCUA) has filed suit in Federal District Court in Kansas against J.P. Morgan Securities and Bear, Stearns & Co., alleging violations of federal and state securities laws in the sale of $3.6bn in mortgage-backed securities to four corporate credit unions.
Knight Capital Group's board was split between two competing offers for the firm after a meeting on Monday where suitors Getco Holding Company and Virtu Financial presented their sweetened bids to Knight's directors, sources involved in the talks said.
Bernard Madoff’s brother, Peter Madoff, should get a 10-year prison term for his role in perpetuating the multibillion-dollar fraud, U.S. prosecutors said.
Amid mounting calls for the bankers who rigged Libor to be jailed, the Greek financier widely credited with inventing the benchmark interest rate has said that without the key ingredients on which it was built – honesty and trust – the formula was doomed to fail.
They won't like that!
Well you would, wouldn't you ?
Credit Suisse, whose second-largest shareholder is the Qatar Investment Authority, is cutting its investment banking business in Dubai to focus on Qatar and Saudi Arabia, a person familiar with the matter said.
Been a long week ? Could you do with a little nap after lunch ?
As the New York stock exchange entered a second hour of non-trading on Wednesday, an increasing numbers of traders emerged to take in air or enjoy a quick cigarette break.
JPMorgan will pay $166m and change credit-card collection practices after regulators found that the bank used abusive tactics to collect debts, the Consumer Financial Protection Bureau said on Wednesday.
Mac the knife strikes again.