The Gherkin, one of London’s most recognisable skyscrapers, has been bought by the billionaire Brazilian banker Joseph Safra, in a deal thought to be worth more than £700m.
The double-murder case of former Bank of America employee Rurik Jutting was adjourned for two weeks in Hong Kong pending psychiatric reports on his ability to plead.
'It wasn’t that I couldn’t cope. It’s that I didn’t want to cope'.
Silicon Valley companies are getting acquisitive, but not necessarily in the traditional sense.
JPMorgan said it tentatively settled a lawsuit by Texas mineral-rights owners who claim the bank bilked them out of fair compensation for the chance to drill on shale-rich land, to the tune of $681m.
Julian Rifat, a former trader at Moore Capital Management who was once named in a list of 'Institutional Investors That Matter', pleaded guilty to insider dealing at a London court.
Tullett Prebon has confirmed that the City watchdog is investigating its use of wash trades, or deals used purely to trigger a fee for the brokerage.
A former deal manager at JPMorgan Chase who was laid off in 2008 said she witnessed a "massive criminal securities fraud" while working at the bank during the years that lead up to the financial crisis but was forced to stay silent, according to Rolling Stone.
Sir John Peace, chairman of Standard Chartered, has said the embattled bank can turn round its performance without a radical overhaul – although he conceded that it needs to show more humility.
Taxpayer rescues of the banking sector will be a thing of the past, the governor of the Bank of England is expected to say on Monday before meetings to back a new deal for lenders considered “too big to fail”.
Last month banks provided City regulators with individual statements of responsibility for every one of their senior managers, detailing their personal accountabilities.
A London banker hired by Libya to manage more than $800m is being sued over claims he misappropriated assets the country had invested before the revolution to support a lavish lifestyle.
Ever since Bernie Madoff’s Ponzi scheme collapsed in 2008, it’s been much-rumored that investors included tax dodgers shielding money from the IRS, drug dealers who laundered proceeds through the con man and wealthy moguls hiding assets from ex-spouses.