The Internal Revenue Service (IRS) has awarded former UBS banker Bradley Birkenfeld a whistleblower reward of $104m for his contributions in providing the U.S. Government with insider information on UBS’ illegal offshore banking scheme.
Here's the new competition in banking: making the biggest promises for cultural change.
Sir David Walker, the incoming chairman of Barclays, has reignited the debate over disclosure of top pay by calling for banks and other major companies to publish numbers on all staff earning more than £1m.
One of Europe’s largest hedge funds, Brevan Howard, reaped rewards from being on the other side of JPMorgan’s infamous 'London Whale' trade earlier this year by buying up tranches of mortgage and corporate bonds.
US politicians came under renewed pressure to resolve a dispute over $1.2tn worth of spending cuts and tax increases after the ratings agency Moody's said it would probably cut its AAA rating if negotiations fail before a 1 January deadline.
Paul Smith, author of 'Lead with a Story: A Guide to Crafting Business Narratives that Captivate, Convince, and Inspire', is the latest subject of our '60 Second Interview'.
The headline-grabbing flameouts of big names such as Facebook and Manchester United in the initial public offering market have obscured an otherwise solid performance this year of much smaller companies.
Here are links to last week's top 15 stories.
'Tremendous mistakes have been made. We can see times have changed and we need to change and change rapidly'.
Goldman Sachs has shaken up its junior investment banking teams in Europe, asking bankers to multi-task rather than specialise in particular industries, as a slowdown in deals also forces rivals to rethink the way they do business.
HSBC, one of the largest hedge fund investors in the world, has changed the leadership of a key private banking unit.
Former Federal Reserve Chairman Ben Bernanke on Friday decried recently proposed legislation that would limit the U.S.
Former SEC Inspector General David Kotz sthinks the SEC should do something to protect against future hoaxes, like Thursday's fake filing on Avon.