It will never been known what might have happened if Lehman Brothers had not collapsed in 2008, unleashing a wave of panic on the financial markets that led to the bailout of banks around the world.
Societe Generale has appealed against the $613.4m fine it paid last year for manipulating benchmark interest rates, saying regulators had miscalculated it.
Several ex-Barclays bank executives are expected to be questioned under caution by the UK's Serious Fraud Office over a deal with investors in Qatar in 2008.
The heir apparent to Robert Greifeld appears to be in place at the Nasdaq stock exchange.
'Management always tries to sweep things under the carpet, but it’s no longer possible to hide'.
Blood in the water.
'They have to decide what business is going to stay, what’s going to go'.
Two of the world’s biggest banks, facing the threat of criminal charges, are mounting final bids for leniency.
One of the world's largest hedge fund firms is stalling, underscoring the challenges faced by other increasingly large money managers.
Hardly a day goes by without another large firm announcing with suitable solemnity that revenues are simply not there anymore, and that they have no choice but to cut jobs.
Wall Street giant JP Morgan seems to have weathered market volatility, with revenues and profits both up from last year. Share price was up 2.02 per cent in pre market trading in New York, to $58.50.
Former Barclays currency trader Chris Ashton lost a complaint over whether he had been improperly identified in settlements related to the foreign-exchange scandal, handing the U.K. financial regulator its first win in a series of disputes over the issue.
JPMorgan has hired Marc Pandraud from Deutsche Bank as chairman of investment banking for France and Belgium, according to a memo seen by Reuters on Thursday.