Hundreds more investors have joined an unprecedented group legal action against Royal Bank of Scotland, alleging they were misled during an emergency cash call in 2008, and are claiming damages of around £4bn ($6.73bn).
It's tough at the top.
A German water utility alleged a former UBS banker had an 'inappropriate' relationship with consultants advising on disputed swap deals, the latest lawsuit to highlight how complex financial instruments backfired on municipal agencies during the 2008 financial crisis.
Royal Bank of Scotland said on Sunday it is winding down its rates prime broking and rates OTC clearing businesses as capital and operating costs increase.
Deutsche Bank sold about 60m shares to the Qatari royal family as it announced plans to raise 8bn euros ($11bn) in its second-biggest capital increase.
Goldman Sachs CEO Lloyd Blankfein said he understands the concern over the potential impact to the financial markets of any global bank pleading guilty to a crime.
The perception that high-achieving businesswomen are more vulnerable than their male counterparts to being abruptly fired – pushed off the "glass cliff" in the contemporary corporate vernacular – has been borne out by a new study from a global management consultancy.
The combined fortune of Britain's richest 1,000 people has hit a new high of £519bn – equivalent to a third of the nation's economic output, and double the figure of five years ago.
Former SAC Capital portfolio manager SAC Capital Michael Steinberg was sentenced to 3-1/2 years in prison after his 2013 conviction on insider trading charges.
'Being boastful indiscreet and vulgar is not OK'.
The former chairman of Barclays has warned that the British economy could be harmed if regulators continue to curb risk-taking in the banking industry.
Bucking the trend.
Two of the world’s biggest banks, Goldman Sachs and Morgan Stanley, are releasing their annual results this week, and are expected to report a fall in annual earnings after a tough year.