More heated calls to break up big banks.
Bridgewater Associates, the world’s largest hedge fund by assets, announces a firm-wide “renovation” that will include employee layoffs.
Jeremy Stoler, a director in the commercial mortgage division of Credit Suisse's asset finance group, has left the bank, according to three people familiar with the situation.
The Wall Street Journal reported that the Justice Department has suggested that the bank pay $14 billion to settle the cases.
mortgage securities probe
HSBC has defeated a class-action lawsuit by investors who lost money in Bernard Madoff’s fraud and claimed the bank ignored warnings while administering a group of 'feeder funds' that placed money with the con man.
The senator from Massachusetts is taking Wells Fargo's consumer accounts scandal straight to the top of the bank.
Eight years after the collapse of Lehman Brothers sparked a global financial crisis, the spread of Britain’s bonus culture from the bankers of the City to the hi-tech start-ups of London’s Shoreditch has seen pay top-ups leap to a new record level.
The Bank of England has left interest rates at a record low of 0.25% after signs the economy has held up more strongly than it was expecting following the vote to leave the EU. But policymakers left the door open for another interest rate cut before the end of the year.
Capital levels "have historically not had much predictive power for bank failures," Summers and a co-author assert.
The value of Mark Zuckerberg’s stake in Facebook has plunged by $3bn, after a warning of slowing advertising growth sent the social media company’s share price tumbling.
The CEO and founder of Tesla and SpaceX says that a universal basic income will allow more time for leisure.
German prosecutors have deepened the crisis at Volkswagen by widening an investigation into suspected market manipulation to include the chair of the carmaker’s supervisory board, Hans Dieter Pötsch.