Credit Suisse has posted its first annual loss in eight years, with the bank warning that it is "not clear" when financial markets will start to rebound.
Brits have been working fewer hours in the last year, reversing the hard slog of the economic downturn.
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.
No wonder it's difficult to get candidates with good quant skills. Enjoy!
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.
Four Nomura investment bankers, each managing directors covering major industries, were among 17 employees who left voluntarily since the bank cut pay and personnel in the Americas, according to people with knowledge of the moves.
Ken Griffin’s $24bn Citadel investment firm has hired David Bonfili to help manage a new equities division, according to spokesman Zia Ahmed.
Bestselling author Tim Ferriss has interviewed some of the most accomplished people on the planet. Here’s what they all have in common.