Credit Suisse has paid €110m (£98m) to settle allegations by Italian prosecutors that it helped clients divert undisclosed funds to offshore bank accounts.
The rise of anti-China sentiment echoed this election cycle led the Blackstone CEO to launch a Rhodes Scholars-like program.
The Securities and Exchange Commission has charged a Tennessee-based lawyer who served on the executive committee of the board of directors at Nashville-based Pinnacle Financial Partners with insider trading based on nonpublic information he learned about an impending merger.
'This pessimistic viewpoint is justified, given the poor industry performance'.
No large-scale job cuts are planned, but there will be some 'pruning'.
Using a rare hire from a Wall Street firm, HSBC is pushing hard to become the top European-based investment bank while its regional rivals struggle with regulatory fines and falling revenues.
Bill Winters is questioning whether a private-equity arm fits his vision for a simpler and safer Standard Chartered. An investment in a Nigerian energy firm shows why.
JPMorgan inflated the value of complex bonds it sold to individual investors, by 15% in one example, according to a study by a financial consulting firm that works with plaintiffs in securities litigation.
For the first time in its 44-year history, Sequoia Capital, one of the most vaunted venture capital firms in Silicon Valley, has hired a female investing partner for its U.S. operations.
UBS, the world’s third-biggest currency trader, said it processed a record number of currency trades during the minutes of the pound’s flash crash this month.
Leaves the firm at the end of this year.
"I think there is a tremendous amount of consolidation happening in the tech industry right now," Nada said on "Squawk Alley."
Paul Achleitner's nomination for a new term as Deutsche Bank chairman has split investors, with Qatar's Sheikh Hamad bin Jassim al-Thani backing him but other shareholders reluctant to give their support, according to people with knowledge of the matter.