Royal Bank of Scotland is looking to put most of its Asian corporate banking business up for sale, according to a person with knowledge of the discussions.
JPMorgan reached a preliminary settlement to pay $500m to resolve a lawsuit over $17.6bn of faulty mortgage-backed securities issued by Bear Stearns, according to a person familiar with the agreement who asked not to be named because the information isn’t public.
Alex Hope, the former Wembley stadium catering manager who reinvented himself as a day-trading currency markets expert, has been found guilty of defrauding investors out of £5m to help fund a lavish lifestyle.
He last rocked up at work in December 1990.
The hedge fund industry has two new massive independent money managers to start 2015.
Oklahoma fracking billionaire Harold Hamm’s ex-wife cashed a cheque he sent her to cover the almost $1bn awarded as alimony in their divorce, his lawyer said.
Credit Suisse's offices in Milan were searched by Italian tax police last month as part of an investigation into whether the bank helped wealthy Italians hide undeclared funds offshore, an Italian judicial source said.
The New York Federal Reserve Bank sharply criticized an internal probe carried out by the Fed's inspector general on the handling of J.P. Morgan's 'London Whale' case, according to a full version of the probe released on Thursday.
Standard Chartered Chief Executive Officer Peter Sands unleashed the biggest round of job cuts in his eight-year tenure at the U.K. bank as he seeks to persuade critics he can stem a two-year drop in earnings.
On Wednesday, congressional Republicans tried to pull a fast one.
Perella Weinberg Partners, the investment bank founded by veteran dealmakers Joe Perella and Peter Weinberg, is considering a tie-up with Tudor Pickering in a push into the energy sector, according to people familiar with the discussions.
Standard Chartered's share price climbed this morning as the beleagured bank revealed green shoots in its turnaround plan.
So far, 2016 has not been a stellar one for big-name initial public offerings (IPOs), but an Ernst & Young report says the mergers and acquisition (M&A) outlook remains positive with more and more non-tech companies acquiring tech companies.