In recent private meetings with analysts and investors, Barclays' new finance chief, Tushar Morzaria, surprised attendees with a frank admission, according to participants: The bank doesn't have a credible plan for what to do with its sprawling investment bank.
Three former brokers at ICAP, the world's largest interdealer broker, appeared in a London court on Tuesday charged with running a four-year scheme to manipulate Libor benchmark rates.
Wells Fargo settled a lawsuit over claims it mismanaged institutional investors’ collateral received as part of its securities lending program, lawyers for both sides told a judge as a trial was close to starting.
Balestra Capital, the hedge fund firm founded by James Melcher in 1979, is set to lose two senior leaders.
European lawmakers on Tuesday approved key laws reforming the euro zone's banking sector, completing a "banking union" which will protect taxpayers from having to pay for costly bank bailouts in future.
'All market participants, analysts and investors, would welcome an investment-bank restructuring beyond what has been announced so far'.
UBS failed to properly disclose risks it took with Swatch Group’s funds and should be held responsible for the losses that followed, the watchmaker argued in a Swiss court.
Expenses and efficiency.
The EU's financial chief has promised some of the toughest curbs on the controversial use of high-frequency trading highlighted by author Michael Lewis in Flash Boys.
Barclays has announced that Crawford Gillies has been appointed as a non-executive Director of Barclays and will become a member of the Board Remuneration Committee with effect from 1 May 2014.
The first signs of trouble for prosecutors came about three weeks into the trial.
Raymond James Financial said it expects an investment cost of more than $400m in the company’s planned purchase of Deutsche Bank’s U.S. private-client services unit.
Last year’s sure thing in credit markets is quickly becoming this year’s nightmare for bond investors.