He is now said to face 40 years in prison.
Royal Bank of Scotland may have to set aside $15.4bn in additional conduct costs, following probes into currency market rigging and U.S. mortgage-backed securities, according to Keefe Bruyette & Woods Inc.
Jamie Dimon has some advice on how to deal with bad employees: Fire them.
Drexel Burnham Lambert, the investment bank famous for the high-yield or "junk" bonds it pioneered, filed for bankruptcy on Feb. 13, 1990.
Deutsche Bank is focusing on plans for a slimmed-down universal bank as part of the management's strategic review where the group remains internationally engaged in most of its current activities but pulls out of unprofitable regions and business lines, newspaper Handelsblatt reported on Monday.
A former UBS banker who helped U.S. authorities prosecute the Swiss bank in a tax fraud case has asked for permission to travel to France to comply with a subpoena in another investigation of the company, according a court document.
JPMorgan Chase arranged for Todd Marin and Catherine Leung to leave the bank to prevent them from collecting equity grants before the completion of a probe into the company’s hiring practices in Asia, according to people familiar with the matter.
A federal judge on Friday sentenced a former Wells Fargo banker to five years in prison for his role in an insider trading ring that prosecutors said netted participants more than $11 million and garnered national attention.
Citigroup, Goldman Sachs and UBS have agreed to pay $235 million to settle a lawsuit over mortgage-backed securities issued by defunct Residential Capital LLC.
A New York judge on Friday rejected Barclays Plc's effort to dismiss state Attorney General Eric Schneiderman's lawsuit accusing it of defrauding clients about high-speed trading in its private 'dark pool' trading platform.
Some of the UK’s most prestigious institutions have slipped in a ranking of the world’s top 100 universities by reputation.
Barclays has kickstarted the sale of parts of its African operations, eyed by its former chief executive Bob Diamond.
Craig Wright, the Australian computer scientist who claims to have created the cryptocurrency bitcoin in 2008 under the pseudonym Satoshi Nakamoto, has promised to provide fresh evidence to back up his claim.