"We thought he would be my successor ... That's not going to be the case," Pimco co-founder Bill Gross said.
The vice-president of the Bitcoin Foundation, which lobbies on behalf of the digital currency, has resigned amid allegations he helped launder money for Silk Road, the online drug bazaar.
There's always a catch!
The devastated family of a JP Morgan executive who plunged to his death from the roof of the bank’s European headquarters in Canary Wharf Tuesday said they were determined to 'get to the truth' about what happened.
Kevin Shea, an interest-rate salesman at Goldman Sachs who has worked at the firm for 27 years, is retiring, according to a person briefed on the decision.
JPMorgan could fetch at least $2bn for its commodities unit after it received bids from Blackstone Group, Macquarie Group and Mercuria Energy Group, people with knowledge of the matter said.
Deutsche Bank is confident it can reach its profitability targets for 2015 despite reporting a surprise loss of almost $1.56 billion in the fourth quarter of 2013, the bank's co-chief executive told CNBC.
SAC Capital's head trader testified that Steven Cohen had instructed him to start selling Elan stock in accounts that had 'less visibility'.
Julian Rifat, a former trader at Moore Capital Management, was charged with eight counts of insider trading at a London court Wednesday after a four-year investigation.
An “elephant deal” that Barclays executed three years ago has cost the bank £72m in penalties, after the City regulator concluded the bank ran the risk of laundering money or financing terrorism by conducting the deal for politically sensitive people.
A Spanish renewable energy group has collapsed into insolvency protection, it said on Wednesday, just months after US investment bank Citi led a €100m (£70m) share sale to raise funds for the group.
Up to 1,000 job losses are expected to be announced at Lloyds Banking Group in the latest attempt by the bailed-out bank to cut costs and bolster profitability.