Former Lehman CEO Dick Fuld is selling his 71-acre Idaho ranch, in what is likely to become the most expensive residential property ever sold at auction, according to sources familiar with the transaction.
A new regulatory regime in the City of London intended to hold individuals to account for their actions could be extended to traders who had not expected to be covered by the rules.
Commodity traders in Chicago and New York aren’t ready to call it quits even after CME Group shut most of the futures pits in both cities.
Sad to report.
The bank described the video as 'abhorrent' and apologized for any offence caused.
The most scandalous episodes in the new book by @GSElevator aren't the many salacious stories of deviance, debauchery, and excess but rather alleged bond market practices that include horse-trading of favours between bankers and investors — and a secret handshake agreement struck in a Hong Kong hotel.
Former UBS trader Thomas Hayes, testifying for the first time at his Libor manipulation trial, said that he agreed to plead guilty in 2013 because he was petrified that he would otherwise be extradited to the U.S.
HSBC, smarting from a $1.9bn fine for providing banking to money launderers and sanctions-dodgers, promised U.S. officials it would clean up its act.
JPMorgan on Monday appointed its top lawyer, Steve Cutler, to fill the vice chairman position left empty by the death of Jimmy Lee last month.
John S. Weinberg, a top Goldman Sachs dealmaker whose family has helped run the 146-year-old firm for most of its existence, is retiring.
The long-standing relationship between Sir Philip Green and Goldman Sachs will be scrutinised this week as part of a parliamentary probe into the collapse of BHS, the high street retailer.
A former Barclays trader who is currently standing trial accused of Libor-rigging related offences told the court late last week that three senior figures at the bank must have known about the rate fixing.
Goldman Sachs has suffered a stinging rebuke over pay from its investors just hours after shareholders in rival Deutsche Bank rejected its remuneration plans outright.