Congress has agreed to use federal deposit insurance, which was designed to protect the savings accounts of consumers, to cover risky trading by the nation’s biggest banks.
Houlihan Lokey wanted to create an exceptional Christmas message this year.
The chairman of Barclays has questioned how his counterpart at Standard Chartered has managed to hold down other jobs while chairing the emerging markets bank.
An analyst with the British South African bank Investec has described the regulatory strictures on Standard Chartered with the last words of Eric Garner, who choked to death during an attempted arrest by the New York City police.
JPMorgan probably will report a 'high teens' percentage drop in fourth-quarter trading revenue from a year ago, Chief Financial Officer Marianne Lake said.
A federal appeals court threw out the guilty verdicts of two hedge fund managers central to Manhattan U.S. Attorney Preet Bharara’s investigation of insider trading, ruling jury instructions tainted their verdicts and imperiling other cases brought in his multiyear probe.
Thanks in part to a massive $25 billion offering by China's Alibaba Group , the U.S. is on track for its biggest IPO year since the technology bubble in 2000. With another Alibaba-sized deal unlikely, what will drive the market next year?.
Tears on the trading floor ?
Now this guy truly was a legend.
Andrew J. Hall, the crude-oil trader who gained notoriety for a $100m pay package during the financial crisis, is leaving his post at a century-old commodities trading house by year-end to focus on his own hedge fund, people familiar with the matter said.
UK taxpayers could lose more than $28.5bn if George Osborne presses ahead with the sale of the Government's remaining stake in Royal Bank of Scotland (RBS), according to an official forecast published on Wednesday.
Wall Street banks are pulling away from coal project financing as U.S. energy consumers are less dependent on the natural resource.
Draghi, Yellen, Carney or someone else? Vote in our poll and tell us who you think should take home the prize of most credible central banker.