Royal Bank of Scotland has agreed to pay £84.4m ($129.4m) to resolve claims by a U.S. regulator that it sold toxic mortgage-backed securities to now-failed credit unions, according to a court filing on Tuesday.
Canadian Imperial Bank of Commerce has made two key executive changes within its wholesale banking business as Canada's fifth biggest bank further consolidates under Chief Executive Victor Dodig.
Shares in CITIC Securities, China's biggest brokerage, fell on Wednesday after the company said some senior managers are under police investigation as part of a probe by Beijing into possible market manipulation linked to the slump in its stock markets.
Royal Bank of Scotland, Britain’s largest taxpayer-owned bank, is unlikely to pay a dividend before it can show regulators two years of profit, Berenberg said.
The embattled commodity trader Glencore launched its $2.5bn (£1.6bn) fundraising effort on Tuesday night, in a move aimed at shoring up its strained finances as swiftly as possible.
Some aren't taking it lying down.
I was in Paris between meetings and had had just enough time to gulp a salad and a mediocre glass of Bordeaux before crossing the city by metro.
Tom Hayes, the first person to be found guilty by a British jury of rigging Libor rates, has begun an appeal against his conviction and prison sentence.
Diana Cesar was named HSBC’s chief executive for Hong Kong after 15 years with the bank, including her most recent role, as head of retail banking and wealth management in the city.
Credit Suisse will pay more than $80m to settle state and federal authorities’ allegations that it didn’t fully disclose to its clients how it operated its dark pool, according to a person familiar with the matter.
Credit Suisse said an internal investigation has found no evidence that a former banker, Sérgio Firmeza Machado, used his position at the bank to help his father funnel illicit campaign donations to Brazilian politicians as part of a sweeping corruption scandal.
A former Goldman Sachs banker who pleaded guilty to receiving documents that had been misappropriated from the Federal Reserve Bank of New York has been banned from the financial industry.
HSBC has reached a settlement with shareholders after a dispute over its acquisition of Household International, back in 2003.