When MF Global was on the brink of collapse, chaos and confusion spread not only among the firm’s executives in New York, but also among its regulators in Washington, according to a report released on Thursday.
The Federal Reserve changed its annual set of tests for the 30 largest U.S. banks to incorporate the risk of a deeper slump in Asia, where Citigroup has a bigger presence than competitors.
The U.K. taxpayer could lose the entire 66 billion pounds ($107 billion) paid to bail out struggling Royal Bank of Scotland (RBS) and Lloyds at the height of the credit crisis, according to a report by an influential group of UK members of parliament (MPs).
Greenwich University’s student team finished first in the 2012 University Trading Challenge held at Coventry University’s London Campus on November 9th 2012.
The Securities and Exchange Commission has charged BP p.l.c. with misleading investors while its Deepwater Horizon oil rig was gushing into the Gulf of Mexico by significantly understating the flow rate in multiple reports filed with the SEC.
Financial M&A Falls 25% from 2011 Levels
Goldman Sachs has today announced that it has selected a new class of Managing Directors, effective from January 1. 266 staff have been promoted. Here they are:
Moore Capital Management and Maverick Capital Management bought Citigroup shares as the bank’s board grew dissatisfied with CEO Vikram Pandit’s performance, eventually ousting him.
Una Neary, tapped yesterday to become one of the newest partners at Goldman Sachs, is not one of the best-known executives at that storied investment bank. But there is one place in New York City where everybody knows her name-the Upper East Side high-end Irish pub named 'Neary's'.
Tom Hayes, the former star trader on trial on alleged Libor-rigging charges, promised fees to brokers using so-called 'wash' trades and enlisted the help of other major banks to execute them, according to evidence presented in a London court on Friday.
U.S. Senator Elizabeth Warren shot back at criticism from JPMorgan Chief Executive Officer Jamie Dimon, saying bankers don’t dislike her because she knows too little but because she knows too much.
Several of the biggest fund managers based in London are drawing up plans to move trillions of pounds of assets and thousands of jobs outside of Britain should the country vote to leave the EU in a referendum due by the end of 2017, the Sunday Times said.