A scheme in which client cash funded a lavish lifestyle of cars, horses and expensive collector teddy bears.
Mohamed El-Erian, former Pimco CEO and one-time heir apparent, told CNBC Monday that he left the investment giant because he wanted to do something different.
Regulators in Britain said on Monday that they had begun criminal proceedings against three additional former Barclays employees suspected in the manipulation of a global benchmark interest rate.
The New York State attorney general announced Friday that the office had reached a $7.5m settlement with Joe Price, the former chief financial officer for Bank of America, over allegations that the bank’s management withheld material information related to its 2008 merger with Merrill Lynch.
Former RBS boss Fred Goodwin is set to appear in court within months to answer for his disastrous stewardship of the bank.
The Financial Conduct Authority (FCA) has fined Invesco Asset Management Limited and Invesco Fund Managers Limited (Invesco Perpetual) £18,643,000 for exposing investors to greater levels of risk than they had been led to expect.
Red-hot IPO market shows signs of cooling down. No longer are we seeing IPOs price at the high end of the range and get a big first-day pop.
A third of the 12,000-plus individuals signed up to sue Royal Bank of Scotland over its allegedly 'misleading' £12.3bn ($20.7bn) rights issue are current or former members of staff at the bank.
Credit Suisse has named Christopher Conoscenti a managing director in its oil and gas group, as the investment bank builds up its energy team in the Americas, according to a memo obtained by Bloomberg News.
City workers taking part in a 5km fun run this summer will be raising money for seriously ill children cared for by Little Havens Hospice.