Bank of America’s decision to fight government allegations that it defrauded Fannie Mae and Freddie Mac paid off as a federal appeals court threw out a judgment of almost $1.3bn against the bank.
Singapore's regulators have shut down a private bank implicated in investigations of Malaysia's troubled development fund 1MDB, with prosecutors in the city-state and Switzerland weighing criminal charges.
Goldman Sachs merely had a walk-on role in the great BHS sale giveaway, but Sir Philip Green should have listened more closely to Anthony Gutman, his old mucker from the investment bank.
Kleiner Perkins has been in the news for unflattering reasons, but investors are still pouring close to $1.3 billion into two new funds.
Insurer AXA plans to divest €1.8bn (£1.4bn) of tobacco investments and called upon rivals to do the same, citing the industry’s “tragic” impact on public health.
While banking is a lucrative career, all banks are not equal.
Is it that big an 'if' ?
Jefferies Group has eliminated 17 positions on its equities trading desk last week after revenue fell in the first quarter, people with knowledge of the matter said.
Some of the firm's leaders share their top advice for young professionals and recent grads.
Carlyle Group’s top credit and hedge-fund executive, Mitch Petrick, will leave the alternative-asset manager after several funds in his unit posted losses even as assets expanded.
Guggenheim Partners, the firm run by Chief Executive Officer Mark Walter, hired Robert Bayer from Jefferies Group to work with clients in forest-product-related industries.
A former London-based Deutsche Bank trader pleaded not guilty Thursday to U.S. charges he manipulated a benchmark interest rate that is not only tied to trillions of dollars in securities and loans but is also the focus of government investigations worldwide into bank misconduct.
Goldman Sachs promoted Philip Berlinski to succeed Peter Selman as co-head of global equities trading and execution services.