Goldman Sachs is facing a Federal Reserve enforcement action over the 2014 leak of confidential documents to the bank by one of the regulator’s employees, according to the New York Times.
A U.S. judge on Monday said Deutsche Bank must face part of a lawsuit claiming it deceived investors who bought more than $5.4bn of preferred securities by concealing its exposure to the fast-deteriorating subprime mortgage market.
A federal judge sharply criticized statements and actions by former executives of Bear Stearns Cos in the final days of the investment bank, saying important information was “withheld from the public” and allowing a shareholder lawsuit to move forward.
Deutsche Bank Wealth Management, a part of Deutsche Bank, appointed Steven Mattus as the head of global products and solutions for the Americas region.
Lazard hired Christopher Mulshine as a managing director focusing on private capital advisory.
Richard Scarinci, a managing director for Blackstone, joined Partners Capital, which manages $17bn for endowments, foundations and others.
Yahoo on Monday joined the elephant’s graveyard of fallen internet giants.
How does a company lose 69 million customers? Just ask Citigroup.
When the year’s most hotly-anticipated tech deal went down, Wall Street’s biggest banks got elbowed aside by upstart competitors.
Commerzbank said a key measure of financial strength fell in the second quarter as it made accounting adjustments to reflect operational risks to banks across the industry.
RBS will set aside more money to settle claims brought by investors over its ill-fated £12bn rights issue.
JPMorgan Chase blocked employees from using the Financial Times website over concerns some may have breached copyright rules by copying and pasting its content, according to people familiar with the matter.
If a U.S. government watchdog has her way, Wall Street banks could find it very difficult to persuade anyone to sit in the chief executive officer’s chair.