The chief secretary to the Treasury has poured cold water on plans being hatched inside Royal Bank of Scotland to pay bumper bonuses to senior staff.
Morgan Stanley set aside a smaller share of revenue to pay employees at its investment-banking and trading division.
Bank of America won’t face damages claims related to its 2009 Merrill Lynch acquisition in a lawsuit filed by the New York Attorney General’s Office.
A key witness testified in Matthew Martoma's insider trading scandal that he provided Martoma with confidential information about a drug trial.
The former leaders of bankrupt hedge fund firm FX Concepts aren't wasting any time starting over.
The Financial Conduct Authority (FCA) has appointed two outside firms to investigate Royal Bank of Scotland's treatment of business customers after a government adviser accused the bank of driving small enterprises into administration.
The U.K. general election may be 16 months away, but the country's main political parties are already slugging it out for votes, with the finance minister and the opposition leader going to head-to-head over economic solutions to convince the electorate.
Things not to do.
Bankers are often assumed to be serious, uptight - and male. However, this bank appears to have broken the mold when the chairman donned a dress at a corporate event.
Goldman Sachs has raised $1.3bn for its second Petershill fund that buys stakes in hedge fund firms, beating its initial target, according to a person with knowledge of the matter.
The clock is ticking for American tax dodgers around the world after BNP Paribas’ Swiss unit and two other banks joined a U.S. program to avoid prosecution, revealing the exact methods of Swiss bankers’ legendary discretion.
Houlihan Lokey has announced that J. Andrew Koecher has joined the firm as a Managing Director and Head of the Transaction Advisory Services (TAS) practice.