Royal Bank of Scotland has agreed to pay £84.4m ($129.4m) to resolve claims by a U.S. regulator that it sold toxic mortgage-backed securities to now-failed credit unions, according to a court filing on Tuesday.
Canadian Imperial Bank of Commerce has made two key executive changes within its wholesale banking business as Canada's fifth biggest bank further consolidates under Chief Executive Victor Dodig.
Shares in CITIC Securities, China's biggest brokerage, fell on Wednesday after the company said some senior managers are under police investigation as part of a probe by Beijing into possible market manipulation linked to the slump in its stock markets.
Royal Bank of Scotland, Britain’s largest taxpayer-owned bank, is unlikely to pay a dividend before it can show regulators two years of profit, Berenberg said.
The embattled commodity trader Glencore launched its $2.5bn (£1.6bn) fundraising effort on Tuesday night, in a move aimed at shoring up its strained finances as swiftly as possible.
Some aren't taking it lying down.
I was in Paris between meetings and had had just enough time to gulp a salad and a mediocre glass of Bordeaux before crossing the city by metro.
Tom Hayes, the first person to be found guilty by a British jury of rigging Libor rates, has begun an appeal against his conviction and prison sentence.
Diana Cesar was named HSBC’s chief executive for Hong Kong after 15 years with the bank, including her most recent role, as head of retail banking and wealth management in the city.
Credit Suisse will pay more than $80m to settle state and federal authorities’ allegations that it didn’t fully disclose to its clients how it operated its dark pool, according to a person familiar with the matter.
Ralph Eads, a top oil and gas dealmaker, put Jefferies on the map for energy mergers and acquisitions.
The Securities and Exchange Commission thas announced that Citigroup Global Markets has agreed to pay a $7m penalty and admit wrongdoing to settle charges that a computer coding error caused the firm to provide the agency with incomplete “blue sheet” information about trades it executed.
British broker ICAP, said the fall in sterling after Britain's vote to leave the European Union has given it a "significant windfall benefit".