U.S. Attorney General Eric Holder said his department is readying criminal cases against banks that show financial institutions aren’t too big to prosecute.
Stephen Mack remembers the conversation well. He had traveled to his parents’ home for Thanksgiving and was talking with his father, John Mack, the former chairman and chief executive of Morgan Stanley.
A major proxy advisory firm recommended shareholders vote against Goldman Sachs's executive compensation plan, and added that Morgan Stanley was also paying its top staff too much.
Warren Buffett, who invested $5bn in Bank of America, said he’s confident the lender will overcome an accounting mistake that forced the firm to suspend an increased payout to shareholders.
Credit Suisse, facing the prospect of U.S. criminal charges for aiding Americans’ tax evasion, created a separate legal entity late last year to house the businesses involved.
An activist investor has just bought the most expensive residential property in the country.
Barclays has given up two stories of prime office space in Singapore’s financial district, which has been leased to LinkedIn, people familiar with the matter said.
U.S. prosecutors plan to drop two securities fraud charges against former Galleon Group hedge fund portfolio manager Rengan Rajaratnam, the younger brother of Raj Rajaratnam, who founded the firm and was convicted of insider trading in 2011.
There are 277 million users on LinkedIn, according to the company’s latest results, and many of them — though not all — are probably competing for the same jobs.
JPMorgan said Wall Street’s trading slump has deepened and could last through the second quarter.
A London judge released former Deutsche Bank employee Christian Bittar on $1.46m bail after the ex-trader and five others were formally charged in court with manipulating a key interest-rate benchmark.
Jurors in the case of six former brokers accused of helping Tom Hayes rig Libor were told to disregard any sympathy they may have for the defendants as prosecutors wrapped up their arguments in the three-month-old trial.
Gina Martin Adams of Wells Fargo sees several similarities between 1998 and 2016 that may indicate a coming correction for stocks.