U.S. authorities are seeking more than $3.5bn from BNP Paribas to resolve federal and state investigations into the lender’s dealings with sanctioned countries including Sudan and Iran, according to people familiar with the matter.
German insurance giant Allianz reported first quarter results on Wednesday that were hit by hefty outflows from its Pimco asset management subsidiary.
Britain's big four banks were forced to set aside £21.5bn to cover fines and customer redress in 2013, according to research published on Wednesday.
The overseer of a U.S. fund to compensate victims of Bernard Madoff's Ponzi scheme on Tuesday said he has received roughly 51,700 claims seeking to recoup more than $40bn, both totals far higher than expected.
At Goldman Sachs, Anthony J. Noto has won some big-name business, including leading the initial public offering of Twitter last year.
HSBC is in last-minute talks with shareholders to reach a deal over its chairman's pay and head off a damaging revolt at next week's annual general meeting.
And so another banking empire unravels.
ICAP, the world’s largest broker of transactions between banks, said full-year revenue and operating profit declined amid 'extremely difficult' trading conditions.
Some more good news for the U.K. economy as unemployment fell to its lowest level in over five years, and wage growth rose by more than inflation.
Goldman Sachs has scaled back on FICC trading operations and boosted hiring in compliance in the wake of the financial crisis.
Barclays has poached Paul Compton from JP Morgan Chase to act as its new group chief operating officer.
Total giving by the top 50 philanthropists in America dropped 30 percent last year, totaling $7 billion, and marking the lowest amount since 2010.