Early investors in Chinese online giant Alibaba are set to sell $8bn worth of shares Friday morning, escaping the “lockup” that usually requires them to hold their shares for several months.
The Justice Department has a suggestion for banks hoping to avoid criminal charges: Rat out your employees.
Shocking eating habits.
When Alibaba makes its debut on the New York stock market on Friday, it will be the world's biggest initial public offering (IPO).
UBS said on Wednesday it had taken action against staff in Singapore for their use of electronic messaging, highlighting how banks have clamped down following probes into interest rate setting and foreign exchange trading.
This has been an unusual year for the global economy, characterised by a series of unanticipated economic, geopolitical, and market shifts – and the final quarter is likely to be no different.
Sad to report.
Foreign-exchange traders in London are set for the biggest drop in bonuses among bank employees as regulators toughen scrutiny in the wake of scandals, according to a survey by Emolument.
UBS has become the test case for French President Francois Hollande’s tax-evasion crackdown.
Mizuho Bank has announced the addition of John Castanon as a Director in its Public Finance Investment Banking Group on Wednesday.
Credit Suisse has struck a partnership with Palantir, one of Silicon Valley's most secretive start-ups, to stop rogue traders, the companies said this week.
Tidjane Thiam, CEO at Credit Suisse, spoke to Francine Lacqua on Bloomberg TV Wednesday morning to discuss the bank's latest restructuring steps, his outlook for the first quarter results, and keeping the dividend in place.