Federal agents are investigating whether high-frequency trading firms break U.S. laws by acting on non-public information to gain an edge over competitors.
Goldman Sachs, which earned a third of its profit from trading last year, has moved Guy Saidenberg from head of global foreign-exchange trading to allow JPMorgan’s Kayhan Mirza to assume the job.
Mark Zuckerberg has decided he’s a $1-a-year man.
Bob Diamond’s Atlas Mara agreed buy ABC Holdings and ADC African Development Corp. for as much as $265m in the first acquisition by the investment firm of the former Barclays head.
JPMorgan must face a lawsuit from shareholders accusing it of securities fraud by misleading them about its ability to manage risk, which surfaced when it lost $6.2bn in the 'London Whale' scandal.
U.S. Attorney Preet Bharara argued the government had gone too easy on corporations in recent years, and that felony charges could be in the offing.
Retired Citigroup Chairman Dick Parsons turned his dream into reality as co-owner of Minton's Playhouse in Harlem.
Hong Kong's de facto central bank said on Tuesday that it is investigating a number of banks as part of the global probe into alleged manipulation of foreign exchange markets, as investigations into the $5.3tril-a-day-market escalate.
Global syndicated lending falls 14% from 2013
Business owners should float as soon as possible if they want to tap the stock markets in 2016 otherwise a series of unpredictable political events could scotch their fundraising plans, according to investment bankers from JP Morgan.
Commerzbank has sued four banks in the United States, claiming that they failed to properly monitor billions of dollars in toxic mortgage-backed securities acquired by the German lender before the 2008 financial crisis.
Europe's biggest bank has turned to one of the world's leading statesmen for advice as it closes in on a decision about whether to move its headquarters from the UK.