Wells Fargo is facing a U.S. investigation into whether it improperly repossessed cars owned by members of the military, according to two people with knowledge of the probe.
She was the general counsel for Malaysia’s 1MDB investment fund. She was also 1MDB’s liaison to Goldman Sachs, the global bank that helped it raise $6bn.
The defence lawyer for a former Wall Street investment banker charged with giving his father inside information insisted on Wednesday that his client had no intention of conveying trading tips while discussing his work.
Deutsche Bank said second-quarter revenue dropped at its prime finance unit, extending a slump beyond businesses that the lender is seeking to exit as client concerns added to volatile markets.
Crude oil prices will remain in the $45-$50-a-barrel range till mid-2017, with little to change the global supply and demand situation, Goldman Sachs said.
Credit Suisse, the Swiss bank which is in the middle of major restructuring, reported a surprise profit for the second quarter of 2016 on Thursday.
France's biggest bank, BNP Paribas, posted better-than-expected second-quarter profit on Thursday, even as its retail bank struggled.
Goldman Sachs “crossed the line and established a close, trusting, personal relationship” with officials during Moammar Al Qaddafi’s regime, lawyers for Libya’s $60bn wealth fund said in closing arguments during the final week of a London trial.
London's investment banks are continuing to take a wait and see approach to the UK’s decision to quit the European Union more than one month after the vote.
A venture capital fund seeded by Steve Cohen is putting as much as $250 million into the start-up Quantopian.
A "superstar" Barclays trader fired amid the foreign-exchange market manipulation scandal lost his unfair dismissal case in London, three weeks after regulators banned him from the U.S. banking industry.
Illinois is joining California in suspending Wells Fargo from handling “billions” of dollars in investment work and the underwriting of state debt after the company admitted to opening potentially millions of bogus customer accounts.