Credit Suisse is in talks with the U.S. Justice Department to pay as much as $1.6bn to resolve an investigation into the bank's role in helping Americans evade U.S. taxes, a person familiar with the matter said on Monday.
Barclays is considering a retrenchment from continental Europe which could include the sale of its business in France, Spain, Italy and Portugal as part of its strategic review to be unveiled this week.
Profit at Barclays' investment bank almost halved in the first quarter after a slump in income at its rates and currency business.
SAC Capital Advisors’ Michael Steinberg, convicted of insider trading in December, should be sentenced to no more than two years in prison, less than half the sentence recommended by the court’s probation department, his lawyers said.
Movement of the people.
Andrew Hubbard, Credit Suisse’s head of structured credit trading in the U.S., left the bank amid a slump in the market in which he specializes.
Citigroup said fraud at its Mexico unit cost the company about $165m during the first quarter.
Warren Buffett, his longtime business partner Charlie Munger, and Bill Gates are no fans of high-frequency trading.
New York’s attorney general is planning to subpoena exchanges and has already requested information from private alternative trading platforms in a probe related to high-frequency trading, a person familiar with the matter said.
Meyer Shields at Keefe, Bruyette & Woods thinks he was "excluded" from asking questions at Berkshire's annual meeting due to his "occasionally critical analysis."
Over half of UK workers wish for a career change, rising to 72 per cent for those aged between 25-34, new research has found.
The City regulator has defended its decision to drop a review into banking culture, and insisted the Treasury did not use its influence to encourage a softer approach towards the industry.
By eight o’clock on a typical Monday morning Jane Foley, senior currency strategist at Rabobank, will have been at her desk for nearly two hours preparing for her clients and keeping an eye on the markets. She will also have had to squeeze in a couple of live interviews, providing expert commentary for broadcasters from Sky to Bloomberg and the BBC.