Wells Fargo agreed to pay $1.2bn to resolve claims related to its Federal Housing Administration mortgage practices.
The chairman of the Treasury committee has stepped up the pressure on the accounting watchdog over its examination of KPMG’s auditing of the failed bank HBOS.
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Barclays will dismiss about 150 staff in Dubai as it restructures its Middle East corporate banking business, a person with knowledge of the matter said.
Credit Suisse’s shareholders are seeing from rival UBS that pursuing a steadier business model may not result in stable profit.
Two former Julius Baer private bankers pleaded not guilty on Tuesday to U.S. charges that they conspired to help U.S. taxpayers hide more than $600m in offshore accounts and evade paying taxes.
Citigroup will pay $23m to end private U.S. antitrust litigation claiming that it conspired to manipulate the yen Libor and Euroyen Tibor benchmark interest rates.
Morgan Stanley will pay $63m to settle a series of government lawsuits claiming the bank misrepresented securities it sold to banks that later failed, the Federal Deposit Insurance said in a statement Tuesday.
Megadeals will probably be replaced by a rising number of smaller acquisitions in 2016 as growing cash reserves keep last year’s record-breaking takeover momentum going, according to JPMorgan.
HSBC Saudia Arabia, a subsidiary of the British bank, are said to have hired two senior compliance staff with unaccredited business degrees - meaning they are unqualified to apply for even an entry-level position at the firm.
A City report will recommend exposing the gap between a company’s boardroom pay and that of the wider workforce as part of a package of measures to reform executive salaries.
Standard and Poor's (S&P), one of the world's top credit ratings agencies, has branded the current European Union "unsustainable" as it outlined the urgent need for reform.
The Financial Conduct Authority (FCA) should be stripped of its powers to fine and ban individuals for wrongdoing, according to a report by MPs that calls on new chancellor Philip Hammond to commission an independent review into whether an alternative investigatory body should be set up.