A Citigroup employee in Mexico left the bank’s offices with documents related to a suspected $400m loan fraud, according to two people briefed on the incident.
CME Group, owner of the world’s largest futures market, was sued by three of its users who alleged the company sold access to order information to high-frequency traders ahead of other market participants.
For more than five years, Mr. El-Erian’s deliberate manner and Mr. Gross’s freewheeling style were a formidable combination atop Pacific Investment Management Co. But last year, the differences became an unbridgeable chasm to Mr. El-Erian, who worried that rising tensions with Mr. Gross could keep him from effectively running the giant bond firm.
Goldman Sachs and Lynne Ng Su Ling, an independent director at LionGold, traded lawsuits in London over payment demands after shares owned by Ng and held by the bank as debt collateral plunged in an October stock rout.
Job vacancies at London’s financial-services companies rose 10% last month as firms continued to hire employees to manage compliance and risk, according to a recruitment survey.
After five weeks of voting by WealthManagment.com, the winner of the 2014 Wealth Management Madness is Bob McCann, CEO of UBS Americas
Citigroup reported an unexpected profit increase, beating analysts’ estimates as the company recouped funds previously set aside for loan losses.
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JPMorgan executives had an explicit message for shareholders after reporting declining first-quarter earnings: Don't worry, be happy that the bank isn't chasing short-term gains by making irrational lending decisions.
An investigation has been launched at banking giant Barclays after a whistleblower warned of serious errors in the way taxation of interest paid to those handed payment protection insurance (PPI) compensation is being calculated.
Credit Suisse has hired James Peterkin, from Barclays, to head its oil and gas team in Europe, the Middle East and Africa (EMEA), according to a memo seen by Reuters on Monday.
HSBC will not face formal action from the City regulator following revelations that the Swiss arm of Britain’s biggest bank helped clients to evade tax.
An Accenture Strategy study surveyed managers across the world and various industries to see how they felt about the automation trend.