Blackrock Inc could face penalties and other costs in the United States after it sold more shares than it was authorised to in its iShares Gold Trust.
The financial advice industry is divided over how to get brokers sanctioned by regulatory authorities to pay compensation to wronged investor clients.
Tens of thousands of City bankers could face seven years in jail or a limitless fine under new regulation being put in place today.
Wouldn't that suck!
For the biggest U.S. bank, the best way to fight Silicon Valley is to mimic it.
Times are tough(er).
Barclays' new CEO, Jes Staley, is planning to power through the mounting pile of regulatory investigations the bank is facing, a move expected to see him risk taking bigger fines, in exchange for quicker deals with the authorities.
Jefferies Group is reorganizing businesses that help fund corporate deals, elevating senior investment banker Jim Walsh to oversee its leveraged finance unit as Kevin Lockhart leaves, according to people with knowledge of the matter.
The City’s top regulator has said a new system designed to hold bank executives to account is “not about trying to get heads on sticks”.
Credit Suisse Chairman Urs Rohner will stand for re-election at the bank’s annual general meeting even after the stock fell about 60% under his tenure.
The sluggish 2016 market for initial public offerings is poised for a more active third quarter, according to Liz Myers, global head of equity capital markets for JPMorgan.
Citigroup has carved out an an improbable niche, given its history of receiving the most federal aid among banks in the wake of the 2008 financial crisis.
The Brexit vote helped knock more than £30,000 off the price of an average property in London during July and has sent prices lower nationally, according to estate agent Haart.