German prosecutors widened an investigation to include a second Deutsche Bank board member in another twist to the lender's legal battle with heirs of late media mogul Leo Kirch that included a search of the bank's headquarters on Tuesday.
JPMorgan’s Mike Cavanagh, who served as a close deputy to CEO Jamie Dimon for more than two decades, will leave to become co-chief operating officer of Carlyle Group.
Jon Corzine, the former MF Global Holdings chief executive, and two former colleagues failed to win the dismissal of a lawsuit by a trustee seeking to hold them responsible for the futures brokerage’s rapid demise and bankruptcy.
BNP Paribas still plans to build on its presence in emerging European countries Poland and Turkey, even as it pulls back from Ukraine , the bank's chief financial officer told CNBC on Wednesday.
Victims of the epic Madoff Ponzi scheme could get back another $349 million under a proposal submitted to the bankruptcy court Tuesday by trustee Irving H. Picard. The proposed distribution, the fourth since the scandal broke, brings the total payout to nearly $6 billion.
Steve Cohen is mulling an out-of-court resolution to a parallel SEC case in which he himself is the defendant, according to people familiar with the matter.
Revenues in investment banking slipped 18 percent in the first quarter of 2014 compared to the same period last year despite a surge in mergers and acquisitions.
King Digital Entertainment's stock is set to be valued at up to $7.6bn when it begins trading on the New York Stock Exchange on Wednesday, as investors show a renewed appetite for technology firms.
Bank said to have left notes for friends and family that 'show clear evidence of suicidal intent'.
JPMorgan Chase has announced that Daniel Pinto, co-Chief Executive Officer of the company’s Corporate & Investment Bank (CIB), will become sole CEO of the CIB, effective immediately.
A fired Morgan Stanley financial adviser who downloaded client information to a home server to give his job search a boost was sentenced to three years’ probation for accessing the bank’s computer network without permission.
Not an urban myth, it seems.
Opposition politicians and tax campaigners have expressed outrage after it emerged that some of the biggest and most profitable investment banks in the City of London paid little or no corporation tax last year.