Bank of England governor Mark Carney has said 50 cases of potential market abuse have been uncovered following the foreign exchange-rigging scandal that led to the Bank’s own chief currency dealer being fired last year.
The rise in “billionaire basements” – subterranean home extensions in some of London’s most expensive boroughs – is attracting fresh scrutiny amid concerns over a rise in fatalities and serious injuries.
The share of jobs held by women in the C-suite is 25%, Catalyst reports. To get ahead, women need senior sponsors that can help promote their skills.
Senior HSBC executives, including the BBC Trust chair, Rona Fairhead, have been ordered to appear before MPs for a fresh hearing on the bank’s Swiss operation.
Barclays generated £593m of profits last year in Luxembourg – where much of its tax planning services were based – but employed just 30 people and paid £4m in tax.
Two American and two European firms.
Now worth $79.5bn.
Morgan Stanley leaders got performance-based stock awards Monday that have more than doubled in value since they were granted three years ago - the biggest payout yet under a bonus program adopted after the financial crisis.
JPMorgan named James C. Ferguson to run the unit that helps private-equity and hedge funds with accounting, valuation and other administrative tasks after trades.
Citigroup Chief Financial Officer John Gerspach said revenue from fixed-income and equities trading will decline by 'mid- to high-single' digits in the first quarter from a year earlier.
The bigger the bank? The better your pay! At least, as long as you're CEO of a major Wall Street bank since 2009.
US bankers could lose their bonuses up to seven years after receiving the payments if they misbehave or make big losses, under new rules proposed by six major regulators.
U.K. prosecutors attacked the credibility of former Barclays trader Jonathan Mathew, who said he lied to the Federal Bureau of Investigation and three different regulators in interviews in 2010 before deciding to start telling the truth about his actions around fixing Libor.