The owner of a bankrupt student housing company sued Royal Bank of Scotland, saying the lender sold hedging products linked to Libor while trying to rig the interest-rate benchmark.
A federal judge on Wednesday ordered PricewaterhouseCoopers to face a $1bn lawsuit claiming that its bad accounting advice was a substantial cause of the October 2011 bankruptcy of MF Global, a brokerage run by former New Jersey Governor Jon Corzine.
The sky-high valuations of some tech start-ups have yet to be justified, says investor Roger McNamee.
A test program to change the way small-company stocks are traded could slow high-frequency action, though some market participants worry that the initial steps are too tepid.
The global insurance industry covered $21bn (£12.7bn) of losses from disasters in the first half of 2014 as fewer natural catastrophes kept claims below their long-term average.
Well this is one way to make a cleaning demonstration stand out.
For at least a year, Michael A. Lucarelli, an employee at an investor relations agency in New York, reaped huge rewards in the stock market. Now, his gains have become a publicity nightmare.
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.
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.
A U.S. judge has dismissed London Metal Exchange as a defendant from nationwide antitrust litigation accusing banks and commodity companies of conspiring to drive up aluminium prices, hurting manufacturers and purchasers.
Three bankers have left Goldman Sachs after the U.S. firm determined they breached internal guidelines in connection with the bank’s advisory role on the planned acquisition of a consumer company in the Middle East, according to people with knowledge of the matter.
Morgan Stanley has named Ben Huneke head of investment solutions on Thursday, a day after announcing the departure of Raj Dhanda.
Deutsche Bank has announced plans to buy back £3.5bn of its debt in an attempt to demonstrate its financial strength.