Investors fear a "black swan" catastrophic event in the financial markets right now more than ever before.
The Securities and Exchange Commission has announced that UBS AG has agreed to pay $19.5m to settle charges that it made false or misleading statements and omissions in offering materials provided to U.S. investors in structured notes linked to a proprietary foreign exchange trading strategy.
Here we go again, get ready for another episode of Barclays’ adventures in the heart-stopping world of investment banking.
JPMorgan Chase shares slipped Tuesday after the firm posted revenue that slid from the previous year; it also warned that sluggishness in its trading unit could continue.
Goldman Sachs' actions as an adviser to Malaysia's sovereign wealth fund 1MDB are being examined by U.S. authorities, The Wall Street Journal reports.
Sharp swings in the currency markets have taken their toll on overall global wealth, shrinking it for the first time since the global financial crisis.
The prospect of an American investment banker being appointed to run Barclays has sparked a warning that policymakers should not cave into industry pressure to water down new rules introduced since the 2008 crisis.
Few traders are crowing these days.
Emerging markets aren't just suffering through another market rout -- it's a third wave of the global financial crisis, Goldman Sachs said.
'If there was a decent play that was neutral or accretive for shareholders, we wouldn’t be opposed to just joining two investment banks'.
A former HSBC banker facing charges of fraudulently “front-running” a $3.5bn (£2.7bn) currency trade has denied the allegations in a New York court.
Goldman Sachs' work with Malaysian sovereign wealth fund 1MDB is under the spotlight over U.S. government allegations that billions of dollars were diverted for the personal use of officials in the southeast Asian country.
HSBC conducted its own internal investigation into a $3.5bn (£2.65bn) currency trade over which two of the bank's top traders were charged yesterday, it has been revealed.