Citigroup’s third-quarter fixed-income and equity trading revenue will be 'roughly in line' with the same period a year ago, Chief Financial Officer John Gerspach said.
Morgan Stanley has agreed to pay $95m to resolve a lawsuit accusing the Wall Street bank of misleading investors in mortgage-backed securities in the run up to the 2008 financial crisis.
More pain to come.
'We do not have or want jerks'.
The UK government has been met with a frosty reception in its attempt to overturn a cap on bankers’ bonuses enforced by the European Union, with Europe’s highest court accusing lawyers for the Treasury of being inconsistent.
Foreign-exchange traders interviewed as part of the Bank of England’s probe into whether its staff knew of currency-rate rigging have expressed surprise at the narrow scope of the questioning focused on one meeting, according to people with knowledge of the inquiry.
French rogue trader Jerome Kerviel has left prison to serve the rest of his sentence wearing an electronic tag.
A former hedge fund trader was sentenced to nine years in prison on Monday for his part in what prosecutors called “the most lucrative insider trading scheme ever”.
Chancellor George Osborne wanted Royal Bank of Scotland to hurry up and get rid of Citizens, its US bank, and concentrate on being a UK-focused lender. Former chief executive Stephen Hester didn't want to rush the process and thought RBS's capital position would be better served by waiting for Citizens' value to recover.
Morgan Stanley, the best-performing stock among the largest Wall Street banks since the end of 2012, will rise at a slower pace over the next year as the current price anticipates the firm reaching its profitability goal, said David Konrad, a Macquarie Group analyst.
A fired Citigroup currency trader joined a growing list of former bank employees who claim their bosses made them scapegoats for market-manipulation scandals that led to billions of dollars in fines.
Washington’s probe into the alleged rigging of the $13tril US Treasurys market by Wall Street banks has narrowed its focus to a handful of firms — including Goldman Sachs, The New York Post says.
Richard Fuld, the former CEO of Lehman Brothers, is not liable to onetime employees who suffered millions of dollars in losses in company stock as the bank descended into bankruptcy, a federal appeals court has ruled.