Michael Coscia, the first person convicted of spoofing after it was made a crime under the Dodd-Frank Act, was sentenced to less than half the prison time sought by federal prosecutors.
Changing the structure of compensation.
'Deeply unhelpful for our cause'.
A former JPMorgan Chase trader involved in the London Whale case was improperly identified by the U.K. regulator in its penalty notice over the scandal, a court ruled.
Credit Suisse has named David Kostel and Punit Mehta as global co-heads of healthcare investment banking, according to an internal memo reviewed by Reuters on Wednesday.
UBS flagged suspicious transactions linked to 1Malaysia Development Bhd to the Monetary Authority of Singapore, prompting an investigation of the accounts involved, a person familiar with the matter said.
JPMorgan Chase topped second-quarter earnings estimates with a profit of $1.55 per share against estimates of $1.43 a share, sending the stock higher in pre-market trading.
BlackRock delivered quarterly earnings and revenue that met analysts' expectations on Thursday.
Former Barclays trader Chris Ashton told his supervisors that comments he made in electronic chat groups that led to his firing were 'pure bravado', the executive who chaired his disciplinary hearing told a London court Wednesday.
Britain’s banks face a ban on restrictive contract clauses and misuse of league tables in pitches to clients, in an attempt by the U.K.’s financial regulator to shake-up competition in investment and corporate banking.
Massachusetts became the latest state to penalize Wells Fargo over its bogus accounts scandal by pulling the bank from a list of approved bond underwriters.
A City banker died following major heart surgery at a private London hospital after a vital piece of equipment was switched off for 19 hours, an inquest heard.