There is an old City adage about one occurrence being a fluke, two a coincidence and three a trend. If the platitude is true, the financial markets can feel fairly confident of at least one thing at present: they are seeing a consistent pattern.
The U.K.'s largest pet products retailer, Pets at Home, has become the latest home-grown company to come to the market, in what is set be the biggest year for IPOs in the U.K. retail sector in a decade.
Former Jefferies Managing Director Jesse Litvak defrauded investors of $2m using a U.S. bank bailout program to earn illegal profit for the firm, prosecutors said at the start of his trial.
A 33-year-old JPMorgan investment banker leaped to his death Tuesday from the roof of the bank’s 30-story Hong Kong office.
Citigroup won dismissal of a lawsuit by former Wall Street banker William Salomon, son of the founder of Salomon Brothers, who blamed the bank for his personal secretary’s theft of more than $1m.
As Credit Suisse sees it, time has run out on New York Attorney General Eric Schneiderman’s pursuit of Wall Street banks for mortgage fraud that helped trigger the financial crisis.
David Einhorn has filed a lawsuit seeking to unmask the identity of an anonymous financial blogger who, he says, disclosed that Einhorn’s hedge fund was buying shares in a technology company.
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More Ferraris are being sold in the UK than anywhere else in Europe, the luxury car manufacturer has confirmed.
Goldman Sachs has appointed two heads of investment banking in Russia, according to an internal memo seen by Reuters.