Hong Kong's securities regulator said on Wednesday it fined and reprimanded HSBC for regulatory breaches and internal control failings related to its position in the futures and options contract market.
The number of employees involved indicates this was a systemic issue and not just overambitious staffers, says Camden Fine of the ICBA.
JPMorgan’s asset-management unit has chosen Shanghai’s free-trade zone as the main venue for its China business, to meet rising demand for cross-border investments.
The IPO market is down this year, but 2017 is looking like a more stable year, EY's Jackie Kelley says.
On this day, eight years ago, U.S. banking giant Lehman Brothers filed for bankruptcy, sending shockwaves across the global financial markets.
Bayer’s $66bn acquisition of Monsanto Co. is producing a big payday for a small advisory firm founded last year by a team of bankers who left Perella Weinberg Partners in an acrimonious split.
Senior bankers have played down the prospect of thousands of City jobs being lost in the aftermath of the vote for Brexit, because of the complexity involved in making the changes to adapt to the UK’s future relationship with the EU.
The UK could be set to add another layer of scrutiny to its senior managers regime, by adding a requirement that bankers stick to the Bank for International Settlements' (BIS) new global code of conduct for the FX market.
A third Barclays foreign exchange trader suspended amid regulatory probes into potential currency manipulation has sued the bank for unfair dismissal.
Standard Chartered has parted company with the head of its private-equity business and is weighing plans to shutter the unit over the next two years, according to people familiar with the matter.
BlackRock, the world’s largest asset manager, is exploring a sale of its second office tower in Singapore’s central business district, people with knowledge of the matter said.
Fitch Ratings placed the debt ratings of struggling Deutsche Bank on negative watch Thursday given likely challenges in its restructuring plan.