What's another 1,000 ?
A colleague of Kweku Adoboli at UBS discussed a 'slush account' with him in online chats after the former trader told him he was holding profits off the bank’s trading books.
After being rigged by some of the world’s biggest financial institutions, the London interbank offered rate, the benchmark for more than $300 trillion of securities and loans, is now increasingly being set by a smaller group of banks.
You can tell a lot about a politician's priorities from who they deign to follow on Twitter.
When Stephen Hester gave a speech a week ago on the topic of rebuilding banking, the chief executive of Royal Bank of Scotland – into which £45bn of taxpayer funds were poured to buy shares – mentioned the share price of the bank only once.
The International Monetary Fund has urged Eurozone leaders to act swiftly in response to the debt crisis in Greece and Spain, or risk dragging down the global economy with another financial crisis.
Top management are revolting.
The markets are crowing about jobs growth Friday, and for good reason in financial services: The sector added 13,000 jobs in September — the largest monthly gain since March.
The 'bachelor's package' at the Penthouse Club in Port Richmond includes an invitation onstage and doting attention from the dancers.
The former internal watchdog for the U.S. Securities and Exchange Commission violated ethics rules by overseeing investigations that touched on people with whom he had “personal relationships,” an outside review found.
A former trader will become the first person to face a judge over allegations of conspiracy to rig the crucial Libor benchmark interest rate, when he goes on trial on Tuesday.
Currency traders accused of colluding to rig the pricing of South Africa’s rand, had a name for their group: ZAR Domination.
Hedge fund investments are finally outperforming, but the public image of their managers is taking a beating.