Britain's Serious Fraud Office has launched a formal criminal investigation into GlaxoSmithKline's sales practices, piling further pressure on the drugmaker which is already being investigated by Chinese authorities and elsewhere amid allegations of bribery.
Capitalism is in danger of eating itself, says Mark Carney.
The firm seeks to slim down its operations to prepare for tough new U.S. regulations.
Too pricey even for Goldman Sachs ?
'I’ve initiated an investigation into every employee who’s violated our rules'.
Lifestyle, prospects and culture.
Bond manager Pimco lost one familiar face this year, Mohamed El-Erian, but is seeing another return-Paul McCulley.
The Obama administration is siding with big banks in a dispute over their alleged role in the Bernard Madoff Ponzi scheme.
UBS has named Matthew Hanning as the head of its Asia-Pacific investment-banking unit, replacing Matthew Grounds, who will focus on the bank’s Australian operation.
Three former Barclays traders appeared in a London court on Tuesday as Britain formally began its first criminal proceedings against U.S.-based Libor traders, part of a global investigation into alleged rigging of benchmark interest rates.
The former chairman of Barclays has warned that the British economy could be harmed if regulators continue to curb risk-taking in the banking industry.
Bucking the trend.
Two of the world’s biggest banks, Goldman Sachs and Morgan Stanley, are releasing their annual results this week, and are expected to report a fall in annual earnings after a tough year.