Deutsche Bank has identified as much as $4bn in suspicious transactions related to its Russian operations, in addition to $6bn in so-called mirror trades it is examining, said several people with knowledge of the bank’s review of the matter.
Goldman Sachs named three senior bankers to its management committee as the firm replaced dealmakers who’ve left its top leadership group.
JPMorgan agreed to pay $150m to settle investor claims that it hid from them as much as $6.2bn in losses caused by a trader dubbed the London Whale.
A former Royal Bank of Scotland bond trader pleaded guilty to lying to customers in order to get them to pay higher prices as the U.S. continues probing tactics used in the market for complex debt -- undaunted by an appeals court’s rejection of a key conviction.
UBS has beefed up compliance for its Australian business after the country’s securities regulator ruled the bank’s controls covering its research department were inadequate.
Regulation, anaemic economic growth and technology changes will force banks across Europe to find more savings in 2016, with jobs likely to be the biggest casualty, according to investors and analysts.
Tom Hayes, the former UBS and Citigroup trader found guilty of manipulating Libor, had his sentence cut to 11 years by a London appeals court.
The Serious Fraud office said on Monday it would next month charge 11 individuals accused of rigging the Euribor interest benchmark with conspiracy to defraud.
Barclays’s $150m fine has inspired the chief of one foreign-exchange platform to change its rule book, a sign of how regulatory action is reshaping the world’s biggest market.
House prices in some parts of the UK could increase by as much as 8% in 2016 as the recovery that has taken hold in London ripples out across the country.
Jose Manuel Barroso’s decision to join Goldman Sachs is “morally unacceptable,” French President Francois Hollande said, adding to criticism of the former European Commission president’s decision to work for the investment bank.
Credit Suisse has named Robert Arbuthnott as its next head of finance, reporting to Chief Financial Officer David Mathers, according to a person with knowledge of the appointment.
The hedge fund industry's storied 2-and-20 fee structure finally may be on its way out.