Lawyers for a Georgian billionaire accused Credit Suisse of money laundering as they step up their fight with the bank over its handling of a former wealth manager who allegedly made unauthorized transactions to cover up trading losses.
Londoners are the second happiest workers in Europe, but anyone wanting greater job satisfaction should head to Dublin.
Barclays almost halved the value of shares awarded to its top executives this year due to a share price fall, handing them stock worth $12.3m compared with $23.1m a year earlier.
Three American International Group advisory firms have settled federal civil charges that they levied unnecessary fees on at least 1,000 mutual fund clients, the Securities and Exchange Commission says.
Royal Bank of Scotland is cutting 448 investment banking jobs in the UK, moving two-thirds of them to India.
A former Schroders equities trader has pleaded guilty to nine counts of insider trading.
The Serious Fraud Office has ruled there is “insufficient evidence for a realistic prospect of conviction” in its investigation into forex manipulation.
Deutsche Börse and the London Stock Exchange said they expected to cut costs by €450m (£354m) a year as they sought to press on with their agreed £20bn deal and ward off a potential rival bid from the US.
The City watchdog has shut down an investigation into possible bond manipulation by a Lloyds Banking Group trader.
The new head of Prudential’s M&G fund management arm, Anne Richards, has said it is considering shifting more funds to Dublin and Luxembourg after the Brexit vote.
The Bank of England has avoided further embarrassment over its gilt-buying programme by comfortably succeeding in finding investors willing to sell gilts for its post-Brexit economic recovery plan.