A former Federal Reserve Bank of New York employee was spared prison on Wednesday, disappointing prosecutors who said his leaking of confidential documents to a friend at Goldman Sachs justified time behind bars.
Societe Generale may speed up cost-cutting in activities including corporate and investment banking as harsher regulation bites across the industry, CEO Frederic Oudea said.
Tom Hayes told a court today how the rate-rigging allegations that eventually lead to his conviction caused him to suffer a breakdown, as he continued his legal battle over his assets.
A Goldman Sachs compliance employee hired to develop surveillance software to detect illegal behavior, including insider trading, settled an SEC lawsuit that accused him of helping himself to confidential data and trading on it.
UK taxpayers could lose more than $28.5bn if George Osborne presses ahead with the sale of the Government's remaining stake in Royal Bank of Scotland (RBS), according to an official forecast published on Wednesday.
Wall Street banks are pulling away from coal project financing as U.S. energy consumers are less dependent on the natural resource.
Draghi, Yellen, Carney or someone else? Vote in our poll and tell us who you think should take home the prize of most credible central banker.
After adding jobs for years, big banks have been making cuts in the face of disappointing performance and plunging share prices.
Jefferies reported a fiscal first-quarter loss as revenue from trading stocks and bonds tumbled 82%, leaving CEO Richard Handler vowing to do better.
More angst in the investment banking industry.
Top bankers and campaign financiers were caught off guard by recent statements from the GOP presidential candidate.
Technology companies are about to enter a golden era of mergers and acquisitions, thanks to a key game-changer in the industry, an investor said.
The Bank of England’s post-Brexit economic recovery plan got off to a stumbling start when it was unable to buy as many government bonds as it needed from major City investors.