An ex-Barclays submitter currently standing trial accused of Libor-rigging offences was likely kept in the dark about the full extent of any fixing activity by his boss, a court was told.
Bank of America Merrill Lynch (BofA) has emailed its employees to encourage them to register to vote in Britain's referendum on whether to stay in the EU, sources at the bank told Reuters on Thursday.
Deutsche Bank and Credit Suisse may have to raise more capital because of the need to resolve U.S. claims over the sale of mortgage-backed securities before the financial crisis, Barclays said as it downgraded the two banks.
Worldwide M&A activity totals $1.36 trillion, down 20% compared to YTD 2015
A Brexit vote would dramatically increase risk premiums on UK equities, one macro-research house has argued, wiping more than £400bn off the market.
British Bankers' Association (BBA), the trade body that was heavily criticised for its role as the administrator of the Libor interest rate benchmark, is expected to be merged with its rival associations.
Costs are there to be cut!
'We have been carefully reviewing the situation and contingency planning around a number of areas, including our organisational footprint and where we book business'.
'There's a need for talent which is sparking (this initiative)'
The Securities and Exchange Commission has announced that Morgan Stanley Smith Barne has agreed to pay a $1m penalty to settle charges related to its failures to protect customer information, some of which was hacked and offered for sale online.
Shares of Wells Fargo spiked 2 percent in after-hours trade Wednesday, following its announcement that Chairman and CEO John Stumpf will retire.
Wells Fargo’s chief executive and chairman, John Stumpf, is retiring effective immediately from both the bank and the board in the wake of the scandal over its sales practices.
Steven A. Cohen is boosting the bonuses he pays to the top traders managing his $11bn family fortune, but only if they beat the market.