JPMorgan unwittingly helped BNP Paribas violate U.S. sanctions as the bank hid billions of dollars in transactions involving Sudan and Cuba, according to court documents and people with knowledge of the matter.
President Barack Obama’s critique of trader bonuses at Wall Street banks as still risky to the economy drew objections from financial executives who said the compensation system already has been fixed.
Royal Bank of Scotland was asked by investors suing over losses from a 2008 share sale to disclose details of probes by U.K. and U.S. regulators into its near-collapse and $78bn bailout.
Big stock market investors are not doing enough to push companies to ensure bosses' pay deals reflect their long-term performance, according to one of the biggest fund managers.
An independent Scotland could be the perfect testbed for whether a nation can survive using cryptocurrencies instead of fiat money, the assistant governor of Australia's central bank has suggested.
The Dow Jones index has soared through the 17,000 barrier to a record high after US data showed a bigger-than-expected surge in job creation last month.
It's been a long time since the jobless rate in the United States was as low as 6.1%.
Have job will travel.
A 'needless and massive' breach of privacy.
Global Investment Banking: Top firms - First Half 2014 (US$m)
Garth Ritchie, who leads Deutsche Bank’s trading business, told staff the firm is targeting a profitability target of more than 10% for the unit as Europe’s largest investment bank reorganizes in a bid to boost returns.
UBS has hired two bankers - one for its equity capital markets business and one for the financial sponsors coverage group - to grow its services for sponsor clients.
Business leaders and global corporations including Barclays, Citi and Goldman Sachs, have been shortlisted for a series of top accolades ahead of the Royal Bank of Scotland sponsored British LGBT Awards.