The U.S. request to extradite London-based trader Navinder Sarao, accused of helping to spark the 2010 Wall Street 'flash crash', is 'false and misleading' because it misrepresented the way markets work, his lawyer said on Thursday.
From time to time, it's especially good to be Jeff Bezos.
If they could do it all over again, almost a third of traders and investment bankers in their prime would pick a different profession.
BNP Paribas has named Frederic Janbon to head up asset management, returning the former chief of fixed-income operations to a leadership role after a stint as special adviser.
Tom Hayes, the former UBS trader convicted of manipulating Libor, blamed his losses on other banks fixing the benchmark rate after a bad trading day in 2007, according to online chats shown at a London trial Wednesday.
Tidjane Thiam, Credit Suisse’s new CEO, pledged to prioritize wealth management over investment banking and asked investors for $6bn of capital as he put his imprint on the bank.
The New York Stock Exchange is prodding its regulator to make hedge funds reveal which stocks they’re shorting, an area where the U.S. lags far behind Europe.
The 'CIB of tomorrow'.
Two former JPMorgan traders living abroad who face U.S. charges over the bank's $6.2bn 'London Whale' scandal won a bid on Wednesday to avoid sitting for a deposition in New York, where their lawyers say their arrest is likely.
Credit Suisse, the Swiss bank which is in the middle of major restructuring, reported a surprise profit for the second quarter of 2016 on Thursday.
France's biggest bank, BNP Paribas, posted better-than-expected second-quarter profit on Thursday, even as its retail bank struggled.
Goldman Sachs “crossed the line and established a close, trusting, personal relationship” with officials during Moammar Al Qaddafi’s regime, lawyers for Libya’s $60bn wealth fund said in closing arguments during the final week of a London trial.