A former Bank of America derivatives trader who pleaded guilty to conspiring to falsify documents was spared prison on Friday after spending years helping the government probe bid-rigging in the $3.7tril municipal bond market.
A former middle manager at Citigroup's Banamex unit in Mexico denied he was involved in abetting a corporate loan fraud involving oil pipeline maintenance company Oceanografia.
HSBC, Deutsche Bank and the Bank of Nova Scotia have been accused of attempting to rig the price of silver in the latest price fixing scandal to rock the banking industry.
Lloyds Banking Group has agreed to pay fines totalling $370m to U.S. and British authorities investigating its part in a global interest rate rigging scandal and manipulating fees for a government lending scheme.
The sentencing of five former aides to Bernard Madoff was delayed until mid-September after a federal judge in New York said 'voluminous' paperwork required a postponement of hearings originally scheduled for for later this week.
Barclays Wealth has suffered more senior departures, further indicating that the UK bank is struggling to retain key employees following a strategic overhaul of the business.
Bruce Van Saun, the former finance director of Royal Bank of Scotland, stands to make more than $12m if the company’s US operation, Citizens Bank, is sold before its planned flotation.
The Securities and Exchange Commission has charged a Citigroup business unit operating an alternative trading system (ATS) with failing to protect the confidential trading data of its subscribers.
It is 8am on a warm morning. Waterloo station in London is the city's busiest bicycle hire dock, and this is its busiest time of day.
Lloyds Banking Group is close to reaching a settlement with regulators over how much it should pay out for its role in the Libor-rigging scandal, the bailed-out bank has confirmed for the first time.
Credit Agricole plans to boost annual profit to more than $4.6bn in 2019 by cutting costs and speeding growth in insurance and asset management.
A number of leading investors in Barclays are to demand showdown talks with the bank's top independent director over its shock decision to slash its dividend for the next two years.
The world's richest man can spend his money on anything, but he says he stays away from buying clothes or jewelry for himself.