Three former UBS executives last week lost a bid to reverse their 2012 convictions for conspiring to deceive U.S. cities and towns by rigging bids to invest municipal bond proceeds.
For a former boxer, HSBC boss Stuart Gulliver does seem to have a lot of trouble hitting targets.
The SEC has its sights on activist investors, but the hedge fund industry isn't concerned about a crippling crackdown.
HSBC’s procedures to prevent money laundering, sanction-breaking and criminal activity still have deficiencies so serious that to publicly disclose them would risk serious crime, the US Department of Justice has said.
Fines and penalties on City firms will in future be meted out by Mark Steward, who has been appointed head of enforcement at the Financial Conduct Authority.
How bad would Lloyds Banking Group’s failings in handling PPI claims have to be for the executives to lose all their relevant bonuses?
Sad to report.
Barclays will continue the first-quarter’s 'strong' performance through the rest of the year as the bank shrinks its securities unit, CEO Antony Jenkins said.
Goldman Sachs is in talks to pay $2bn to $3bn to settle a probe into its sales of mortgage bonds leading up to the financial crisis, according to a person with direct knowledge of the situation.
Sad to report.
Barclays has hired Tim Main to be chairman of its global financial institutions group, as CEO Jes Staley adds another fellow JPMorgan veteran to the bank’s senior ranks.
Betting odds indicate that there is now a 62 per cent probability of a Remain vote in next week's referendum, according to Betfair.