Merrill Lynch International (MLI) has been fined £13,285,900 ($19.98m) by the Financial Conduct Authority (FCA) for incorrectly reporting 35,034,810 transactions and failing to report another 121,387 transactions between November 2007 and November 2014.
Deutsche Bank is poised to settle as soon as Thursday U.S. and U.K. investigations into alleged attempts to manipulate benchmark interest rates, a person with knowledge of the matter said.
Goldman Sachs has warned that a Labour victory in the general election - and particulary a tie-up with the SNP - would be bad for British business and could damage confidence in the economy and financial markets.
City firms have been told they could face larger fines for failing to report transactions correctly. The warning by the Financial Conduct Authority came as Merrill Lynch was hit with a record £13.3m penalty for the offence.
Billionaire Michael Platt’s BlueCrest Capital Management has expanded its Hong Kong equity team to 11 fund managers and analysts, said a person with knowledge of the matter.
A high-frequency futures trader has been charged with illegal market manipulation called "layering," contributing to the May 2010 flash crash.
This is the curious story of how a robot armed with a weekly budget of $100 in bitcoin managed to buy an illegal sustance - before getting arrested.
Goldman Sachs settled a discrimination lawsuit hours before testimony from an analyst who’d claimed she’d been deprived of pay, bonuses and a promotion because of her gender.
As Greece's stock market plunges and borrowing costs soar, analysts warned the country could be facing its "Lehman moment" as it faces bankruptcy.
A federal judge in Dallas has upheld most of the claims in a major lawsuit against five banks accused of playing a role in Texas financier Allen Stanford's massive Ponzi scheme.
HSBC is to restructure its global banking division to cut costs and make the business more "agile", according to an internal memo seen by Reuters on Monday.
If you thought the market for jobs at top institutions was tough, take a moment to consider the prospects of any young student with hopes and dreams of working at Goldman Sachs.
UBS has hired Laurent Dhome from JPMorgan as managing director at the bank’s financial sponsors team in Europe, the Middle East and Africa.