Bank of America will post a $600m pretax writedown in the fourth quarter as it redeems $2bn of trust preferred securities tied to its 2009 acquisition of Merrill Lynch.
Barclays will pay more than $13.75m to settle U.S. regulatory charges that it let retail brokerage customers make unsuitable mutual fund transactions, including more than 6,100 fund switches, over a five-year period.
Swiss private bank Julius Baer said it has set aside nearly $200m in additional provisions to settle a U.S. criminal investigation that it helped wealthy American clients dodge taxes.
House prices in the U.K. show no signs of slowing down and are predicted to rise up to 6 percent over the next 12 months, according to Nationwide data and economists.
From the crisis in the financial markets in China to the mergers and acquisitions boom in the US, 2015 has been one of mixed emotions for traders and investors.
Deal-makers across Asia-Pacific were hustling in 2015, racking up more than $1 trillion in mergers and acquisitions, topping 2014's record by 37 percent, Dealogic said.
The Securities and Exchange Commission has announced that two traders in China and Hong Kong have agreed to pay more than $920,000 to settle an insider trading case against them.
In 2015 Twitter lost one chief executive, gained another, and nearly tossed them too, before eventually settled down with him – incidentally, one of the men who had founded the company way back in 2006.
Despite topping 7000 for the first time in its history, the blue-chip FTSE 100 index finished down in 2016.
Business owners should float as soon as possible if they want to tap the stock markets in 2016 otherwise a series of unpredictable political events could scotch their fundraising plans, according to investment bankers from JP Morgan.
Handelsbanken announced Tuesday it was waving goodbye to group chief executive and president Frank Vang-Jensen.
Former Barclays bankers Jonathan Mathew, Alex Pabon and Jay Merchant have applied to appeal their convictions for Libor-rigging offences, which were handed down last month.
A leading investment bank expects UK shares to outperform over the rest of the year, as it sees no reason to fear the Brexit bounce is coming to an end.