They say that with great success comes great responsibility. Many of the world’s leading CEOs and entrepreneurs acknowledge this, with an acute awareness of the legacies they will leave behind.
The £3bn loan swap scandal – where banks mis-sold complex interest rate products to small businesses – may have affected around 100,000 firms, twice as many as originally thought, the Financial Conduct Authority has admitted.
Movement of the people.
Deutsche Bank's failure to turn over e-mails in a tax probe that led to the arrest last year of five employees may have been caused by errors at International Business Machines, which managed the bank’s data storage.
It’s 20 minutes before 4 p.m. in London and currency traders’ screens are blinking red and green.
Warren Buffett gained more wealth than any other U.S. billionaire, adding $37 million a day, according to one study.
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.
Tullett Prebon has said it will acquire Icap’s global interdealer broking business for £1.1bn in an attempt to combat falling profits in a sector struggling from shrinking trading volumes.
At an event honoring Warren Buffett's 50 years at Berkshire Hathaway, Bill Ackman openly criticized Buffett for his stake in Coca-Cola.
George Osborne has said City fraudsters should receive the same treatment as shoplifters as he joined forces with the governor of the Bank of England, Mark Carney, to promise the public that the scandal-hit financial sector was being cleansed of wrongdoing.