Wall Street banks, which already shut proprietary trading units that helped fuel record profits, are girding to learn next week how much revenue the Volcker rule may cut from the $44bn they say comes from market-making.
Deutsche Bank barred multi-party chat rooms at its fixed-income and currency trading businesses as regulators investigated rate-rigging.
Some of the world's biggest banks have been hit with a 1.71 billion euros ($2.3 billion) fine for interest rate-rigging by traders, the largest fine ever imposed by the European Commission (EC).
Deutsche Bank’s Japanese brokerage unit will probably be penalized by local regulators for breaching rules over excessive spending to entertain clients, two people with knowledge of the matter said.
Commerzbank offices in Germany were raided by prosecutors investigating whether life insurance policies were used to evade tax.
A jury of seven women and two men in 2011 accepted the banker's wife planned to drug her husband with a milkshake before bludgeoning his skull with a lead ornament while he was unconscious on their bed.
The United States is the world's most generous nation, according to a global index of giving, as a higher proportion of Americans helped a stranger than any other country in the world.
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SAC Capital Advisors fund manager Michael Steinberg told the analyst who gave him inside tips on Dell that the fund’s founder, Steven A. Cohen, wasn’t aware they were obtained illegally.
Bernard Madoff’s finance chief, who pleaded guilty to aiding his $17bn fraud, said he could tell right away that fake trades were being used in customer accounts in 1975 when he joined the firm after high school.
George Soros’s firm pulled almost $500m from an account run by Bill Gross, money it invested last year after the bond manager left Pacific Investment Management Co. to run a new fund at Janus Capital Group, according to a person familiar with the matter.
Evercore Partners have announced that Evercore, Mizuho Bank, and Mizuho Securities have extended their mergers and acquisitions cross-border alliance for an additional three year period and expanded it to operate on a global basis.
Economist Mohamed El-Erian said Monday he puts the risk of a recession in the United States at 25 percent to 30 percent.