Credit Suisse is in talks to settle allegations related to its Crossfinder "dark pool" trading venue, which could result in a fine running in the high tens of millions of dollars, the Wall Street Journal reported, citing people familiar with the matter.
Frankfurt prosecutors dropped an investigation of Deutsche Bank’s leadership saying they found no evidence the executives acted illegally when they settled a lawsuit by heirs of Leo Kirch for $1bn.
A swell of mergers and other transactions this year has bolstered the fortunes, and stock prices, of several independent and boutique investment banks.
Royal Bank of Scotland awarded 10 executives a total of $2.8m in shares, as banks sidestep European bonus limits.
How do you make a £2bn fortune from commodities? Answer: start with a £6bn fortune.
How about these classics:
The Securities and Exchange Commission has announced that ITG Inc. and its affiliate AlterNet Securities have agreed to pay $20.3m to settle charges that they operated a secret trading desk and misused the confidential trading information of dark pool subscribers.
Three Hungarian traders and a Swiss investment firm must pay about $11.7m after a London judge said they profited from 'spoofing', the practice of placing and then cancelling orders to mislead the market.
You've probably heard the conventional wisdom: Smaller, younger hedge funds are more nimble, and tend to bring better returns than their bulky, aging cousins.
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.