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.
The Securities and Exchange Commission charged a purported hedge fund manager in New York City with stealing money from his investors on Friday.
HSBC has published a full-page advert containing an apology in several newspapers, over claims that its Swiss private bank helped clients evade tax.
China Minsheng Investment (CMI), the country's largest private investment fund, said on Saturday it would invest 1 billion pounds ($1.5 billion) in a Chinese-led project to develop a new financial district in London.
Royal Bank of Scotland has been accused of misleading a property tycoon into taking out an interest rate swap which allegedly forced his firm into financial distress, then “bullying” him when he questioned the bank’s actions.
U.S. authorities investigating corruption in world soccer have gained the cooperation of a Swiss banker, according to people familiar with the matter, leading their probe closer to financial institutions that prosecutors have said were used to move bribe money.
More than $12tn (£8tn) has been siphoned out of Russia, China and other emerging economies into the secretive world of offshore finance, new research has revealed, as David Cameron prepares to host world leaders for an anti-corruption summit.