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Argentina strips BNY Mellon of trading authorization

Argentinian Flag

Bank of New York Mellon found itself front and centre of Argentina's debt battle on Tuesday after the South American country stripped its authorization to operate there and bondholders seeking payment filed a lawsuit against the U.S. bank.

Ex-AIG CEO's $25bn bailout lawsuit to go ahead


A federal judge has rejected the United States' bid to dismiss a more than $25bn lawsuit filed by Maurice 'Hank' Greenberg, the former chief executive of American International Group Inc, over the insurer's government bailout, clearing the way for a September 29 trial.



Barclays Sign

People News: Barclays, Morgan Stanley

Rich Ricci, the former head of investment banking at Barclays and one of ex-Chief Executive Officer Robert Diamond’s top lieutenants, has joined a London-based foreign exchange trading platform as chairman.

HSBC building at night

HSBC in weekend HQ decision

HSBC’s board will meet on Sunday to decide whether to shift its headquarters from London, according to two people with knowledge of the decision.