Chill economic winds from China have left the FTSE 100 nursing its worst monthly losses since May 2012 after a week that saw global stock markets shaken by concerns over the world’s second largest economy.
While a lot of investors were hitting the panic button Monday, a Japanese day trader who’d made a big bet against the market timed the bottom almost perfectly and narrated a play-by-play of the trade to his 40,000 Twitter followers. He claims to have walked away with $34m.
Citic Securities fell after a magazine reported that three members of the executive committee of China’s biggest brokerage had been asked to assist police investigating suspected securities trading violations.
The U.S. Treasury on Thursday said it had reached an agreement with UBS for the bank to pay a $1.7m settlement for 'apparent violations' to U.S. sanctions.
Goldman Sachs will increase its presence in Poland in an effort to expand technology services across the globe.
Three global banks are in danger of losing their ability to manage pension funds in the U.S., as the Department of Labor wrestles with how to hold financial institutions accountable for criminal misconduct.
Withdrawn M&A activity totals $335.7 billion, up 53% compared to YTD 2014 levels
Current and former Deutsche Bank staff have been questioned by the Serious Fraud Office in recent weeks in relation to the investigation into Libor rate-rigging.
Investors yanked $29.5 billion out of global equity funds in the week that ended Aug 26, the biggest single-week outflow on record as markets around the world over went into meltdown mode, according to data from Citi.
A London prosecutor told jurors they didn’t have to decide whether the banking industry as a whole is guilty of fraud, but just the five former Barclays traders accused of manipulating Libor.
HSBC's sale of its Brazil business took one step closer to reality last night, after the deal was approved by Brazil's competition agency.
One of the most ambitious – and ill fated – private equity deals to take place before the 2007 credit crunch has been recounted in a London courtroom after financier Guy Hands began his £1.5bn claim for fraud from Citigroup over the takeover of EMI.