Bank of England head Mark Carney said the biggest risks to the U.K. economy related to the housing market, and announced plans to toughen tests for loans.
The Fed's "wildly accommodative" monetary policy risks triggering the next world financial crisis, market veteran Stephen Roach has warned.
Canadian Imperial Bank of Commerce, known for infighting when picking its leader, is considering breaking a century of banking tradition by looking for an outsider instead. Shareholders are wary of the uncertainty.
A former driver for Raj Rajaratnam has sued the one-time billionaire, claiming he was fired for complaining about secret wire transfers the founder of the Galleon Group hedge fund made to fellow prisoners following his conviction for insider trading.
Global Infrastructure Partners, the private-equity firm run by former Credit Suisse First Boston investment banking head Adebayo Ogunlesi, is seeking $2.5bn for debt investments as new regulations make it more costly for banks to lend to projects such as windfarms and airports.
Goldman Sachs, the top merger adviser this year, is combining its health-care and retail investment-banking groups amid a boom in deals involving pharmaceutical companies.
Like its rivals in Britain, the Royal Bank of Scotland has been unable to escape criticism from shareholders over the amount of compensation that bankers are paid.
The New York attorney general has sued Barclays, accusing the British bank of misrepresenting the safety of its US-based alternative trading system, or "dark pool", to investors.
BNP Paribas, seeking to settle claims it violated U.S. sanctions, is close to an agreement with New York state’s top banking regulator that would curtail some of its dollar-clearing operations for as long as a year, according to a person familiar with the matter.
Singaporean companies went on a record-setting merger and acquisition (M&A) spree in the first half, with deal volume surging to $40 billion, more than double the $17.3 billion recorded in 2013, according to Dealogic.
Warren Buffett lost a little ground in the eighth year of his $1 million 10-year wager that an inexpensive plain stock index fund will outperform high-fee hedge funds.
Royal Bank of Scotland enjoyed tax breaks and deferrals amounting to an estimated £1bn after financing the film distribution rights to a string of blockbusters including Troy, Batman Begins and two of the Harry Potter series.
America’s biggest banks present a “nuclear” threat to the US economy and should be broken up, a Federal Reserve policymaker and architect of the 2008 banking bailout said Tuesday.