Javier Martin-Artajo, the former JPMorgan banker fighting U.S. extradition from Spain over trading losses that surpassed $6.2bn, is challenging the U.K. financial regulator in London.
Deutsche Bank is on track to meet its 2015 targets in investment banking, it said on Thursday after restating its 2013 results to include around $487m of settlement costs and around $69m to cover impaired assets.
Investment banks should have known about foreign-exchange traders using chat rooms that had the potential to rig currency prices, the head of the U.K.’s financial regulator said.
Royal Bank of Scotland must face a U.S. lawsuit seeking to force it to cover losses suffered by a bond insurer on a $1.15bn securities offering backed by allegedly defective and fraudulent home loans.
Analysts at HSBC’s house broker have advised clients to sell the shares of the lender, warning of the risks to the bank from a slowdown in Asia.
The US Federal Reserve cut another $10bn from its economic stimulus programme on Wednesday even as chairwoman Janet Yellen warned that harsh winter weather had hampered the country’s economic recovery.
Nothing - so they say.
Toyota agreed to pay $1.2bn on Wednesday to end a US criminal investigation into misleading statements the car company made about safety issues in Toyota and Lexus vehicles after a series of crashes.
Coffee drinkers, rejoice! Or have another cup of joe, anyway.
The financial world has been rattled by a rash of apparent suicides, with some of the best and brightest among the finance workers who have taken their lives since the start of the year.
When Deutsche Bank shelled out more than $6.5bn to buy Deutsche Postbank in 2010, it wound up spending another $1.08bn to mesh and upgrade their computer systems.
Julius Baer may have to pay more than it anticipated to settle a case with the U.S. Justice Department over American offshore accounts, the Swiss newspaper Sonntagszeitung reported, citing people familiar with the matter.
Oil has fallen to an 11-year low as traders took fright at the prospect of a glut caused by fresh supplies that will outstrip global demand.