Well at least this firm's staff wake up to an exciting future - a merger without layoffs!
Vikram Pandit, Citi’s ousted CEO, will get about $6.7m in 2012 compensation and will forfeit some awards tied to a $40m retention package granted last year.
The man who blew the whistle on UBS Bank, getting a $104m award and costing the firm $780m for tax evasion, has sued his attorneys, claiming he went to prison because they failed to secure whistleblower protection for him.
HSBC has settled a lawsuit over millions in losses by a fund that invested with Bernard Madoff, ending what would have been a six-week trial in Dublin the day after it started.
Could a surge-protection barrier have saved New York City from much of the flood ravages of superstorm Sandy ?
Treasury Secretary Tim Geithner, expected to leave his post after four years, is likely to stay on through what promises to be a bitter battle over the fiscal cliff and until his successor is confirmed, according to people familiar with the situation.
President Barack Obama used the first weekly radio address of his second term Saturday to vow that he would stick to an election promise to raise tax contributions from the richest Americans to tackle the "fiscal cliff".
The Securities and Exchange Commission has charged a Miami-based investment adviser for defrauding his clients by concealing trading losses and diverting investor funds for personal use.
The number of jobs in 'City type financial services' in London will fall below the number in Hong Kong by 2015 according to Cebr, the economics consultancy.
Kweku Adoboli, the former UBS trader on trial over a $2.3bn loss, is being wrongly blamed for the bank’s layoffs and poor reputation, his lawyer said Friday in closing arguments.
For decades, Dublin’s courting couples have rendezvoused under the clock at Clerys department store on O’Connell Street, the city’s main thoroughfare.
JPMorgan officials including CEO Jamie Dimon do not have to face a shareholder lawsuit claiming they failed to properly investigate the 'London Whale' trading scandal that caused $6.2bn in losses, a federal appeals court ruled on Tuesday.
Luminex Trading & Analytics, the dark-pool operator owned by some of the world’s biggest asset managers, has hired Jonathan Clark as its CEO, according to a company statement.