Royal Bank of Scotland’s markets division has banned employees from using multidealer chat rooms, joining rivals in curbing the forums amid probes, according to a person with direct knowledge of the plan.
Credit Suisse defrauded investors of more than $1bn by misrepresenting the risks of its residential mortgage-backed securities, acting New Jersey Attorney General John J. Hoffman said in an interview.
Former SAC Capital Advisors portfolio manager Michael Steinberg has been convicted of insider trading in a U.S. victory that may increase pressure on his accused one-time colleague, Mathew Martoma, to cooperate in the probe of founder Steven A. Cohen.
The U.S. Justice Department is preparing to file civil fraud charges against Citigroup and Bank of America's Merrill Lynch unit over their sale of flawed mortgage securities ahead of the financial crisis, according to people familiar with the probes.
A five-year battle between the largest U.S. bank and one of its regulators escalated Tuesday when J.P. Morgan sued the Federal Deposit Insurance Corp. over the messy 2008 purchase of Washington Mutual‘s banking operations.
Goldman Sachs is set to be fined early next year in a European Union antitrust probe into an underwater power cables cartel that tests regulators’ ability to penalize private-equity investors.
Blackstone Chairman & CEO Steve Schwarzman said XX on Bloomberg Television's "Market Makers" today.
Jurors in the criminal trial of five former Bernard Madoff employees accused of aiding the con man’s $17bn fraud won’t hear testimony that he joked about the firm’s 'dumb' accountant, a judge ruled.
JPMorgan CEO Jamie Dimon has sent out his holiday card, featuring his family and a lot of bouncing tennis balls, reported the news website Quartz.
Bank of America's head of equities sales for the Americas Michael J. Lynch was replaced by Miceal Chamberlain and Edouard Matitia-Cohen as global equities chief Fabrizio Gallo shakes up the team, said two people with direct knowledge of the move.
Barclays have announced that Sir Gerry Grimstone has been appointed as their non-executive Director with effect from 1 January 2016 and will succeed Sir Michael Rake as Senior Independent Director and Deputy Chairman with effect from 1 January 2016.
The world's largest banks gained an insight Monday into how much capital they will need to hold in order to buffer themselves from financial crises.
Tullett Prebon and Icap have confirmed they are in talks over a tie-up that would see the brokers seek strength in numbers in difficult conditions.