Jon Corzine is close to reaching a tentative agreement to resolve a U.S. regulator’s allegations that he failed to properly oversee MF Global Holdings, as the brokerage unit spiraled toward failure almost five years ago, according to a person with knowledge of the matter.
George Friedlander, one of the best-known strategists in the $3.8tril municipal bond market, is leaving Citigroup after about 40 years with the bank.
Australia's big four banks have been in the headlines for all the wrong reasons in the past year, for issues ranging from insurance scandals to accusations of interest rate rigging, and this week, they needed to make mea culpas to a Parliamentary inquiry.
Bernard Mourad, a former Morgan Stanley banker who just joined Emmanuel Macron’s political campaign after a stint with telecom tycoon Patrick Drahi, is suing the bank for more than 1 million euros in deferred compensation.
Goldman Sachs’s retirement plan is pulling about $300m from Leon Cooperman’s Omega Advisors, marking the second time this year it’s cutting ties with a famous alum who ran afoul of U.S. authorities.
A U.S. judge has dismissed UBS as a defendant in a lawsuit accusing big banks of conspiring to fix silver prices and exploit price distortions at investors' expense.
The number of complaints lodged against financial services firms nudged down in the first six months of 2016 according to statistics released by the Financial Conduct Authority (FCA).
Deutsche Bank has confirmed that 1,000 jobs are to be cut in Germany.
Reducing the size of the bank.
With Britain trying to hammer out the terms of its exit from the European Union and banks considering their options on the continent, is this the best time to start building a new financial district in London?
JP Morgan is to pay $264m (£212m) to settle claims it hired relatives of key Chinese decision makers to win work.
One of the City’s most prized businesses – the way that financial products priced in euros are processed – will not be lost to the remaining members of the European Union as a result of Brexit, according to an analysis by ratings agency Standard & Poor’s.