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.
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Practices used by the firm said to 'belong in a spy novel'.
Among the soundbites that came from a lengthy and, at times, bizarre interview with Bill Gross on Tuesday afternoon, was the fact that the bond fund manager started a conga line on the trading floor 'to let employees know it was okay to scream and shout and let it all out'.
Mike Mayo, the analyst who sparred at JPMorgan’s 2013 investor day with CEO Jamie Dimon, challenged the bank Tuesday about the logic of holding an asset-management business.
Having returned the vast majority of its billions of dollars in public money to create a leaner, more private company, the hedge fund SAC Capital will reorganize its disparate trading divisions and rename them by April, according to an internal memo.
Credit Suisse sought to limit the fallout of a damning congressional report, which accused it of helping U.S. customers to evade taxes.
Retirees looking to make the most of their golden years should set their sights on Europe, according to a new report by Natixis Global Asset Management.
Mark Karpeles, the CEO of embattled bitcoin exchange Mt.Gox, has tried to dampen speculation regarding the company, confirming that he has not left Japan - where the exchange is based - amid reports that regulators are investigating the exchange.
The FTSE 100 officially entered bear market territory yesterday for the first time since 2009, as the New Year sell-off sent panic through trading floors and stoked fears of a broader economic slowdown.
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Bank of America has named Samuel Losada and James Fleming as co-heads of equity capital markets for Europe, the Middle East and Africa.