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.
Citigroup has named Richard Bibbey to run its global spot foreign-exchange business as the bank seeks to more closely align its voice and electronic trading of currencies.
The Great Recession tarnished the reputation of the financial industry. Leaders now need to mentor students so they can learn from their mistakes.
More needs to be done to propel women into the top jobs in Britain’s biggest businesses, to boost economic growth, according to the head of the CBI – who wants all major companies to ensure that a quarter of all senior roles are held by women.
Oil prices may be depressed, but they have not stopped the longtime commodities trader Phibro from being resurrected.
JPMorgan agreed to pay $995m to resolve claims by Ambac Financial Group that it was duped into insuring mortgage bonds backed by shoddy loans, paving the way for approval of a much larger settlement between the bank and institutional investors stemming from the global financial crisis.