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Barclays hires top law firm for dark pools probe

Barclays Canary Wharf

Barclays has hired lawyers from the high-profile firm Wilmer Cutler Pickering Hale and Dorr LLP to help the bank defend itself against accusations that it deceived investors in its 'dark pool' trading venue, according to people familiar with the matter.

Standard Chartered CEO under pressure

Shell In The Sand

The position of Standard Chartered's chief executive, Peter Sands, was under ever greater pressure yesterday as a profit warning sent the FTSE 100 bank's shares to a three-year low.

Why Barclays is in a pickle: Meet the Martin Act

Barclays Eagle

The suit New York Attorney General Eric Schneiderman has brought against Barclays, accusing the bank of running its dark pool for the benefit of high-frequency traders, has all Wall Street wondering: What will Barclays do ?

Bank of New York Mellon to move HQ

Wall Street sign

Bank of New York Mellon will move its headquarters to lower Manhattan’s Brookfield Place as part of an effort to scale down its office space and streamline operations.

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Barclays to face electricity price lawsuit

A U.S. judge ordered Barclays to face a proposed class-action lawsuit in which a California water utility accused the British bank of illegally manipulating electricity prices in the western United States, causing purchasers to overpay.

Closed Sign

Hedge fund to shut down Hong Kong office

Grupo BTG Pactual’s hedge fund unit is shutting down its Hong Kong office as it shrinks its operations following a slump in assets under management, two people with knowledge of the matter said.