Yep, you got it.
Banks including JPMorgan Chase, Citigroup and Morgan Stanley have been notified regulators are preparing enforcement actions on currency rigging, people familiar with the investigation said.
Barclays’ index business drew offers from Nasdaq OMX Group Inc., Bloomberg, and CME Group, people with knowledge of the matter said.
JPMorgan Chase was sued for fraud, self-dealing and mismanagement of trust accounts established for an Indianapolis church endowed by the descendants of drug company founder Eli Lilly.
A former associate dean from the Massachusetts Institute of Technology school and his son, a Harvard Business School graduate have been caught running a hedge fund scam, say authorities looking at Bernie Madoff’s Ponzi scheme.
A Goldman Sachs unit is a final bidder for a Tokyo office tower in a deal that could fetch about £1.19bn, said people familiar with the deal, which could be the biggest office property deal in six years.
Federal Reserve Bank of Boston President Eric Rosengren said broker regulation needs a 'major re-examination' to prevent funding shortfalls during a crisis, and New York Fed President William C. Dudley said the wholesale funding system must have greater stability.
The government has pulled out of plans to sell shares in Lloyds Banking Group to the public before next year's general election.
You gotta hand it to her.
UBS Wealth Americas, the U.S.-based brokerage arm of UBS, is letting go about 75 sales assistants, a spokeswoman at the firm said Tuesday.
Increasingly complicated regulation is bulking out the pay packets of those who keep companies on the straight and narrow, according to research shown exclusively to City A.M., but advances in technology could force a shakeup in what the typical role looks like.
But there's a catch.
Surging spending on compliance staff and lawyers has pushed Deutsche Bank’s costs up, despite sustained efforts to slash the expenses, the lender’s annual report has revealed.