Iran is lobbying to get HSBC to process humanitarian trade transactions that Europe's biggest bank has frozen because of concerns about potential breaches of international sanctions, sources familiar with the trades told Reuters.
Argentina's government has hit back at a group of creditors that could force the beleagured country into bankruptcy, saying in an advert published in newspapers across the globe that it would fight their court actions.
Winner by less than a second.
Now you see it, now you don't.
The former Goldman Sachs programmer twice charged with stealing the company’s high-speed trading code on his last day of work scored a pre-trial victory last week, as a New York judge ruled his arrest was illegal and threw out some of the evidence against him.
BNP Paribas is likely to pay $8bn to $9bn as part of a potential settlement with U.S. authorities over violations of sanctions, according to a person familiar with the matter.
Brian Moynihan may be taking a play out of Jamie Dimon’s book.
Edward 'Ned; Kelly, chairman of Citigroup’s institutional businesses, including the investment bank, is retiring and will be succeeded by Vice Chairman Stephen Volk.
After a steady reduction in its brokerage force, Merrill Lynch is again adding numbers to its 'Thundering Herd'.
U.S. authorities in Puerto Rico are investigating allegations that a former UBS broker improperly advised clients to borrow money to make investments, a person briefed on the probe told Bloomberg.
They were studying the snow forecasts in Davos on Friday. But the 3,000 bankers and CEOs who had flown to the Swiss ski resort for the annual gathering of the global business elite were not interested in what conditions would be like on the slopes this weekend. Rather, they were focused on the monster blizzard stalking the US.
Investment banking: it's not usually associated with a softly, softly approach when it comes to HR.
As energy prices and Chinese stock markets sink, Citigroup can weather the storm, CEO Michael Corbat said.