Lloyds Banking Group has docked £350,000 from the bonus of its boss António Horta-Osório after being hit with a £117m fine for unacceptable handling of compensation claims for payment protection insurance.
A trader fired by Deutsche Bank as part of its Libor-rigging settlement is suing over bonus payments that may total more than $7.7m.
A California day trader and three pals thought they had dreamed up the perfect easy money scam.
JPMorgan won a round in a long-running dispute with the Federal Deposit Insurance, avoiding some the the liabilities tied to its 2008 takeover of Washington Mutual’s banking operations.
Goldman Sachs and Citigroup are among securities firms that have seen Russian investment banking commissions evaporate this year as sanctions and the country’s economic slump bring business to a halt.
Private Banker International (PBI) has revealed the winners for the 2nd annual Private Banker International Awards: London 2015.
HSBC has been fined a record 40 million Swiss francs (£27.8m) by the Geneva authorities for “organisational deficiencies” which allowed money laundering to take place in the bank’s Swiss subsidiary.
Dishing out blunt "commandments" to the bank's new summer interns.
Christian Bittar, a former senior trader at Deutsche Bank, tried to hire Thomas Hayes from UBS, Hayes told U.K. prosecutors in 2013.
The former co-chief executive of UBS’s investment bank attended a meeting at the Swiss bank when plans to manipulate Libor were discussed, Southwark crown court in London has heard.
Morgan Stanley’s fixed-income and commodities business is capable of generating $4bn in annual revenue after the firm cut the operation in recent years amid an industrywide slump, Chief Executive Officer James Gorman said.
Goldman Sachs and an Australian hedge fund agreed to end a $1bn lawsuit over the sale of mortgage-linked securities, including an investment known as “Timberwolf” that became a symbol of the financial crisis after it was cited in internal e-mails released by U.S. lawmakers.