Steven Rattner, the money manager and former leader of the U.S. bailout of the auto industry, won regulators’ approval to work on deals for the investment-banking unit at Guggenheim Partners.
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.
Steven A. Cohen will be barred from trading that falls under U.S. Commodity Futures Trading Commission jurisdiction until 2018 after reaching an agreement tied to his Securities and Exchange Commission ban for failing to supervise Matthew Martoma, who was convicted of insider trading.
Norway's $893-billion sovereign wealth fund, the world's biggest, swung to a positive return in the second quarter led by gains in its fixed-income portfolio, it said on Wednesday.
The chair of the Treasury Select Committee has today written to the National Audit Office, seeking a swift review on previous advice given on the government's sale of RBS shares.