JPMorgan Chase is expected to pay approximately $2 billion to settle a criminal and regulatory investigation into its dealings with Bernard Madoff, though no individuals at the bank will be implicated, according to sources familiar with the agreement.
Nomura, Asia’s global investment bank, has been recognized for its strength in Emerging Markets Debt Research and Trading in Eleonora’s Emerging Markets survey for 2013.
A trial starting this week over what US prosecutors say is the most lucrative insider trading scheme ever is expected to bring further pressure on Steven A Cohen, the founder of the SAC Capital Advisors hedge fund.
Lazard Ltd has announced that Bozidar Djelic has joined the firm as a Managing Director in the Sovereign Advisory Group, based in Paris.
Legg Mason have announced the appointment of Thomas K. Hoops, an executive with significant leadership experience in the asset management industry, as Executive Vice President and Head of Business Development.
Royal Bank of Scotland was ordered to pay $50m by a federal judge in Connecticut over claims that it rigged the London interbank offered rate.
Barclays is expected to hand its top directors additional shares as part of a revamped scheme to sidestep the European Union's cap on bankers' bonuses.
Canadian Imperial Bank of Commerce named Joe Kostandoff head of syndication for equity capital markets at its investment-banking unit to replace Scott Smith, who’s left the firm.
A significant number of workers in Singapore intend to change jobs in the coming year, according to a new report by recruitment firm Hudson, in the latest sign of tight labor conditions in the city-state.
Government regulations aimed at reducing reducing risk at the nation's banks in the wake of the 2008 financial crisis are having the opposition effect, bank analyst Dick Bove tells CNBC.
Deutsche Bank has won a bid to have a lawsuit filed by an ex-trader seeking a $7.6m bonus thrown out by a London judge who said the case had no 'real prospect of success'.
Morgan Stanley defeated claims by Russian tycoon Oleg Deripaska that it used inside information about his failing $1.5bn investment in an auto-parts maker to illegally profit from its own short selling.