A federal appeals court has thrown out a controversial 2011 ruling by a judge who refused to approve a $285bn settlement between Citigroup and the Securities and Exchange Commission, saying the deal 'failed to address the public interest'.
France's biggest bank, BNP Paribas, has been threatened with a downgrade to its credit rating as it braces for a potential $10bn (£6bn) fine from US regulators for busting sanctions.
Britain is still unprepared for another financial crash and its banks have yet to strenghten their reserves sufficiently to survive another crisis, according to a senior Bank of England official.
An Australian businessman has been found guilty of defrauding British investors out of more than £70m in the biggest ever boiler room scam.
Morrisons is set to reveal a management restructuring in its stores within weeks that could lead to as many as 2,000 job losses.
The Merrill Lynch professional had the same name as a man sought by Mexican officials for paying for ... with minors in that country.
A $10 million, 90-foot yacht was being launched in Washington state when it suddenly capsized.
A field of 25 bidders has been narrowed to a final few who want to buy a Times Square hotel infamous for winning a dubious "dirty" honor.
The value of potential takeovers yanked from the market is at its highest level since the height of the global credit crisis in 2008, according to market statistics firm Dealogic.
He argued at trial that his managers pushed him to take too many risks and that rule-breaking at the bank was rampant.
Goldman Sachs said Thursday that its fourth-quarter earnings will take a roughly $1.5 billion hit as it has reached a nearly $5.1 billion settlement agreement in principle related to its "securitization, underwriting and sale of residential mortgage-backed securities from 2005 to 2007."
This July, if you see former Big Apple mayor Mike Bloomberg sweating, it may not because of the usual summer heat.
The Securities and Exchange Commission has announced that State Street Bank and Trust Company agreed to pay $12m to settle charges that it conducted a pay-to-play scheme through its then-senior vice president and a hired lobbyist to win contracts to service Ohio pension funds.