Martin Lack became the fourth ex-UBS banker to plead guilty to aiding wealthy Americans evade taxes, admitting that for 17 years he helped U.S. clients maintain secret overseas accounts.
The woman who ran Bernard Madoff’s fraudulent investment advisory business broke into tears as she told a jury how the con man shouted and threw her out of his office for trying to retire in the mid-1990s.
JPMorgan is moving about 2,000 employees to offices in Brooklyn’s MetroTech Center after a review of its real estate holdings, said a person with direct knowledge of the plan.
The not-safe-for-work hijinks portrayed in "The Wolf of Wall Street" seemed larger than life -
London's reputation as the divorce capital of the super-rich has been earned through a number of headline-grabbing, hefty settlements being set in its courts - but the era of wealthy divorce tourists flocking to the U.K. may be coming to a close.
Royal Bank of Scotland plans to pay £588m in staff bonuses despite suffering an £8.24bn loss for last year.
Senators have called on the US justice department to force the Swiss banking group Credit Suisse to hand over the names of thousands of US citizens who used its accounts to evade taxes.
BNP Paribas co-heads of fixed income in the Americas, Kip Testwuide and Christian Mundigo, are being replaced by Bob Hawley, who now leads the business in the Asia-Pacific region.
Three former Barclays Libor traders were charged by a U.K. prosecutor in a London court Wednesday in the latest criminal action in a two-year investigation of the interest rate benchmark.
Bank of America, the bank that turned to Warren Buffett in 2011 for a capital injection, reached a deal with the billionaire’s company to change terms so the investment is treated more favorably by regulators.
HSBC and BNP Paribas would ditch their securities units if they were to fail, while American International Group would spin off its non-life insurance divisions.
JPMorgan has hired Nick Malangone from Goldman Sachs to bolster a team overseeing funds for insurance-company clients.
Citigroup, which pioneered the era of global megabanks before almost collapsing in the financial crisis, just slid behind Wells Fargo to rank as the US’s fourth-biggest bank.