BNP Paribas, which is facing a potential $10bn fine for breaking U.S. sanctions, has handed over to U.S. investigators files covering many years of its dealings with leading companies in the oil market.
The Securities and Exchange Commission has sounded a warning to Wall Street and corporate America, taking aim at a hedge fund not only for improper trading - but for punishing the employee who blew the whistle on the wrongdoing.
Irene Dorner, the banker HSBC sent to the US to apologise for mistakes that led to a £1.2bn fine for laundering money, is retiring from Britain's biggest bank after 32 years.
Written by Michelle Chance, employment partner at Kingsley Napley LLP, and co-founder of the Association of Professional Working Parents (APWP).
His case was called 'ridiculous' and 'bulls---' during a hearing.
It's not all bad news.
BNP Paribas has given investors scant information about how much it expects to pay to settle a criminal probe of U.S. sanctions violations.
A unit of Credit Suisse was fined by the U.K. markets regulator for promoting a product that garnered $1.35bn in investments and had about a 0% chance of reaching its maximum return.
Greenpeace has fired an employee after it group discovered he lost some 3.8 million euros ($5.15 million) in a bet on international currency markets.
The U.S. Justice Department has asked Citigroup for more than $10bn to settle a probe into the lender’s sale of mortgage-backed bonds before the 2008 financial crisis, a person familiar with the negotiations said.
City workers are anticipating bumper bonuses this season, but recruitment experts have warned that they could be in for disappointment.
With his bank’s net income down 31% year-over-year, Goldman Sachs CEO Lloyd Blankfein saw a 4% reduction in compensation in 2015, down $1m to $23m.
Corporate bond sales in the U.S. from financial institutions are on track for their weakest January since 2012, despite more than $10bn in deals on Friday from Morgan Stanley, Wells Fargo and Royal Bank of Canada.