A really big deal.
In the late 1960s, a young attorney at the Securities and Exchange Commission named Roberta Karmel was assigned with a daunting task: telling Lehman Brothers to shut down.
Overhauling the culture of the City requires a generational shift in attitudes akin to that seen for drink-driving in recent years, according to one of the most senior regulators at the Financial Conduct Authority.
Hedge funds are shutting at a rate not seen since the financial crisis, as many managers post disappointing returns and an elite group of firms dominate money raising.
Hackers have targeted the emails of executives in more than 100 companies to steal market-moving information for stock trading, a report revealed.
Alarms went off inside the Federal Reserve: the Fed’s innermost secrets had leaked to Wall Street.
Highland Capital Management blames Credit Suisse for steering it into the refinancing of a real-estate development that cost the debt manager more than $250m when the borrowers defaulted.
Europe’s latest bank stress test was flawed, and dozens of the region’s lenders, including Deutsche Bank and BNP Paribas, aren’t sufficiently capitalized to improve the economy’s anemic growth or withstand a repeat of the 2008 financial crisis.
Thousands of French bosses took to the streets on Monday at the start of a week of coordinated protests against the Socialist government's regulations and high taxes.
It's not known how many staff will be impacted.
Bank of America sees more room for cost cuts after bigger-than expected reductions in the first quarter helped blunt declines in profit and revenue, sending the stock higher for a fifth straight day.
Rick Stoddard has been named Bank of America's new head of global capital commitments, according to a memo seen by Reuters.
Deutsche Bank has announced that effective June 6, 2016, Pamela Root will join as Global Head of Compliance and Group Chief Compliance Officer. She will be based in London and will report to Sylvie Matherat, Chief Regulatory Officer and Member of the Management Board of Deutsche Bank.