Standard Chartered and Societe Generale are among four banks added to a suit by investors claiming banks manipulated the $5.3tril a day foreign-exchange market.
A hedge fund manager appointed to the Bank of England’s monetary policy committee (MPC) has succumbed to pressure about potential conflicts of interest by severing financial links with his former employer.
Goldman Sachs has agreed to pay around $270m to settle a lawsuit by investors who claimed the bank misled them about the safety of billions of dollars worth of residential mortgage-backed securities, two people familiar with the case said.
Sir Philip Hampton said the results released by Royal Bank of Scotland last week were like “groundhog day”.
Deutsche Bank is seeking to recover internal electronic chat transcripts that were left out of disclosures to regulators during a probe into interest-rate rigging, according to people briefed on the matter.
HSBC reported a 2 percent year-on-year rise in adjusted pre-tax profit to $13 billion for the first half, after a strong performance in Hong Kong.
Jennifer Mihocko-Tierney, Bank of America's head of electronic foreign-exchange sales for the Americas, has left the company, according to two people with knowledge of the matter who requested anonymity to discuss personnel matters.
Deutsche Bank acknowledged for the first time that it is investigating a “significant” volume of suspicious Russian and U.K. equities trades, adding that it has already taken disciplinary action against a number of people.
The British trader accused of contributing to the 2010 flash crash is making another attempt to reduce his $7.8m bail after spending the last three months in jail.
When it comes to bankers’ pay, fairness is very much in the eye of the beholder.
Deutsche Bank’s head of Russian operations, Pavel Teplukhin, will step down in August as the lender scales back its local business in the wake of a money-laundering scandal.
Deutsche Bank, which has faced the highest legal bills among continental European lenders, will probably set aside even more capital or shrink businesses as global regulators tighten the rules for how banks measure risk.