Former executives at the Anglo Irish Bank broke company law and carried out lending practices that were "absolutely illegal", a Dublin court heard on Wednesday.
The UK boss of Handelsbanken – the Swedish bank lauded by the government as a challenger to Britain's big five – on Wednesday expressed his frustration that the Swedish-based bank's employee ownership scheme has fallen foul of the taxman.
Private banking and fixed income.
Morgan Stanley and JPMorgan agreed to pay $1.86bn to end U.S. accusations of misconduct in their handling of home loans and related securities that left taxpayers shouldering losses after the financial crisis.
The 2007 merger that created Bank of New York Mellon, the custody bank, failed to deliver higher profits as the company lags behind its biggest rivals, according to Mike Mayo, an analyst at CLSA.
Five former aides to Bernard Madoff are seen as facing tough odds in trying to convince a New York jury they were innocent bystanders to the con man’s $17bn fraud, given what one lawyer called the 'avalanche' of evidence produced by prosecutors.
Deutsche Bank and Saint-Etienne, a centuries-old town in France’s Massif Central region, settled a four-year-old 'toxic' loan spat this week. But the town’s woes aren’t over as other banks aren’t playing ball, its mayor said.
Financial market abusers could face a minimum of four years in jail under new plans voted through the European Parliament on Tuesday amid a string of financial scandals.
TD Securities, a unit of Toronto Dominion Bank, will consider applying for London Metal Exchange membership as it expands in industrial metals.
Waves of increasingly tough legislation from financial regulators will push City firms to shell out on an army of compliance consultants in 2016, figures seen by City A.M. have suggested.
JPMorgan Asset Management is taking over managing $1.2bn for BlueCrest AllBlue Fund, giving shareholders an alternative investment opportunity after the hedge fund said it’s returning capital to outside investors.