As the cost for rigging currency markets keeps rising, British banks can take cold comfort the costs are dwarfed by wrongfully sold insurance.
Mathew Martoma’s bid to stay out of prison pending an appeal of his insider trading conviction did not last much past lunchtime.
Hong Kong police are investigating whether the British banker accused of slaughtering two prostitutes is schizophrenic, it was claimed today.
The reaction to my piece on Goldman partners was fascinating.
The chief executive of the Royal Bank of Scotland has said he 'cringed' when he saw copies of the chat room messages which talk of 'making free money' and 'keeping numpties out of the market'.
Antonio Weiss, global head of investment banking at Lazard, will be nominated by President Barack Obama as the U.S. Treasury Department’s top domestic finance official, the White House said in a statement.
JPMorgan's $13 billion settlement was a major disappointment for a few reasons, whistleblower Alayne Fleischmann says.
In the wake of a massive settlement, Commodity Futures Trading Commission chair Timothy Massad suggested on CNBC's " Closing Bell " that his agency needs more resources to ensure similar events don't happen again.
Barclays could face a huge new penalty for rigging currency markets after pulling out at the 11th hour from the settlement talks that led to £2bn of fines being slapped on five other big players in the currency markets.
For banks at the center of the recent foreign exchange investigation, paying the $3.4 billion in fines might be the easy part.