The largest banks in the European Union would face a 'narrowly' defined ban on proprietary trading from 2018 under draft plans by Michel Barnier, the EU’s financial services chief.
Bank of America’s Merrill Lynch unit won a lawsuit against a Portuguese investment firm over a disputed share sale that’s the subject of an Italian market-abuse probe.
Barclays won an order by a federal judge putting on hold a $488m fine for allegedly gaming U.S. energy markets while the bank challenges a lawsuit by the Federal Energy Regulatory Commission.
Goldman Sachs is devising ways to hand its highly-paid bankers a third element to pay in response to the EU's bonus cap.
The bank's efforts to improve controls will be exempt from outside scrutiny, CNBC has learned.
Common Sense Investment Management isn't shutting down, despite media reports to the contrary.
Securities and Exchange Commission attorneys are reviewing the stock holdings of about 3,400 employees after some New York staffers were found to own securities prohibited by ethics rules.
Pope Francis has sacked nearly all the cardinals from the commission charged with overseeing the scandal-hit Vatican Bank, just 11 months into their five-year term.
So how bad is it really for interns and junior bankers at investment banks that are putting limits on work hours ?
Setting the benchmark ?
Commerzbank is considering external and internal candidates to replace Martin Blessing when he steps down as CEO next year, according to people with knowledge of the matter.
Barclays’ reputation took another battering on Wednesday when a US regulator imposed a $150m fine on the bank for the way it treated its foreign exchange customers.
People want to believe they have good instincts, but when it comes to hiring, they can't best a computer.