CalPERS' move to divest itself of $4 billion in hedge fund holdings is galvanizing a debate among many other pension managers.
Excessive risk taking and geopolitical hazards pose new threats to a global economy already experiencing an uneven and weaker than expected recovery, the International Monetary Fund has warned.
The former trader, who served five years in jail, now runs a dry-cleaning and laundry business.
New York Attorney General reasserted allegations that bank employees misled clients about their exposure to high-speed and potentially predatory market participants.
A former energy trader at a Connecticut hedge fund that collapsed in 2006 after losing $6.6 billion on natural gas has agreed to pay $750,000 to settle a regulator’s lawsuit.
Three years after its first foray into the Islamic capital markets ended without a sale, investors piled in to buy sukuk debt from Goldman Sachs on Monday, as the bank joined the governments of Hong Kong and the U.K. in selling debut Shariah-compliant bonds this year.
Credit Suisse is under fire from U.S. regulators over concerns the bank isn’t heeding warnings to stop making loans regulators see as risky, according to a person familiar with the matter.
U.S. Attorney General Eric Holder will call for a law change to increase rewards for whistleblowers who turn in evidence of crimes on Wall Street, according to officials.
Bank of America managing directors John Uglum and Doug Horlick have left the firm as it cuts jobs in the interest-rates and currency-trading businesses, said people briefed on the moves.
Deutsche Bank and at least three former executives received indictments as part of an attempted fraud probe over the bank’s handling of a more than a decade-old civil lawsuit.
Milan prosecutors have asked for 13 former and current managers at Banca Monte dei Paschi di Siena, Nomura and Deutsche Bank to be sent to trial for a series of alleged financial crimes including false accounting, judicial sources said on Tuesday
Concerns about the financial health of the commodities company Glencore have receded after its banks queued up to take part in a multi-billion-dollar debt restructuring.
The Bank of England is officially looking for Mark Carney's new right-hand man (or woman) – and anyone can apply.