Citigroup disclosed a new government probe involving the industry’s trading and clearing of interest-rate swaps five months after paying $425m to resolve claims that it attempted to rig derivatives markets.
The last 30 days have seen more than a fifth of year-to-date deal value for announced U.S. M&A, according to S&P Global Market Intelligence.
The EU has given the thumbs up to former European Commission president Jose Manuel Barroso's new role at Goldman Sachs.
The UK's financial services sector has boomed to its highest level of trade surplus yet, highlighting the importance of maintaining and developing the City's trade ties post-Brexit.
A new cryptocurrency launched late last week, claiming to allow users to make online purchases anonymously and sparking controversy and a negative reaction from the authorities.
Dame Clara Furse, the former chief executive of the London Stock Exchange, is to be named as the chair of HSBC UK, the bank’s domestic retail arm which is being ringfenced from its other operations following new regulations in the wake of the financial crisis.
It's not an easy time to be a banker.
Thinking the unthinkable.
The business of picking stocks and bonds for clients is getting smaller by the day.
Morgan Stanley Chief Operating Officer Jim Rosenthal will retire at the end of the year, according to an internal memo sent to employees by CEO James Gorman on Friday.
Citigroup said this week that it appointed Fabio Fontainha as head of consumer banking for the Association of Southeast Asian Nations (ASEAN) region, effective December 1.
Wells Fargo has asked a U.S. court to order dozens of customers who are suing the bank over the opening of unauthorized accounts to resolve their disputes in private arbitrations instead of court, according to legal documents.
Macquarie Bank and Australia & New Zealand Banking Group agreed to pay a combined $11m in penalties after admitting to attempted cartel conduct relating to the setting of a benchmark Malaysian rate in 2011.