Another big Wall Street bank is reporting some serious problems with its trading book, raising questions over just how bad things are getting for big financial institutions.
Ian Hannam, the former JP Morgan Cazenove banker who was once one of the City's most feted financiers, has lost his appeal against a ruling that he committed market abuse.
Standard Chartered has announced the appointment of John Cusack as Global Head, Financial Crime Compliance (FCC) and Group Money Laundering Reporting Officer (MLRO).
The chances of an increase in interest rates before the end of 2014 moved a significant step closer on Wednesday night when one of the Bank of England's key policymakers said a rise in the cost of borrowing should happen "sooner rather than later".
A way to fine-tune their brains - and up their games.
Equities and fixed-income are challenging.
JPMorgan said a pair of wrong-way bets made by clients at the start of the year is partly to blame for Wall Street’s trading slowdown.
Bank of America is looking to diversify its investment banking business by doing more equity underwriting and merger advisory work and by winning more clients outside the United States, a senior executive said on Tuesday.
Fabrice Tourre, the former Goldman Sachs vice president found liable for his part in selling a pre-crisis mortgage security that lost value, said he won’t file an appeal in the civil case.
Morgan Stanley sued to recover more than $3.6m it paid to defend a former broker who was imprisoned for his role in a kickback scheme.
Mergers between U.S. banks could hit the highest level in a decade this year, Rafferty Capital's Richard Bove told CNBC on Thursday.
Wall Street giant JP Morgan seems to have weathered market volatility, with revenues and profits both up from last year. Share price was up 2.02 per cent in pre market trading in New York, to $58.50.
Former Barclays currency trader Chris Ashton lost a complaint over whether he had been improperly identified in settlements related to the foreign-exchange scandal, handing the U.K. financial regulator its first win in a series of disputes over the issue.