JPMorgan Chase is expected to pay about $200m to settle criminal and civil probes over its Asian hiring practices, according to a person familiar with the matter.
HSBC is reviewing a past investigation of forex trades after the arrest on Tuesday night of a senior manager in New York for alleged fraud, according to a source familiar with the matter.
JPMorgan plans to exit the business of settling U.S. government securities for most dealers by the end of 2017, including some transactions in a key corner of the $1.6tril repurchase-agreement market.
The HSBC executive arrested Tuesday for alleged frontrunning was about to move to the U.S. to take up a broader position in the firm’s trading division, according to people familiar with the matter.
Be careful what you wish for - that’s the advice from State Street to the newest market makers in the $5.3-trillion-a-day foreign-exchange market.
Goldman Sachs is about to start raising money for its first private-equity fund since the financial crisis, potentially gathering $5bn to $8bn, according to a person with knowledge of the matter.
A trial date for a lawsuit brought by Libya's $67bn sovereign wealth fund against investment bank Societe Generale was pushed back to April 25, 2017, by a judge's ruling in London's High Court.
The U.S. government asked a federal appeals court on Thursday to block the release of a report detailing how HSBC is working to improve its money laundering controls after the bank was fined $1.92bn.
Three of Wall Street’s largest investment banks slashed their first-half compensation pools for employees by the most in at least four years.
UBS hired Bob Foresman, formerly the head of Russian operations at Barclays, to be vice chairman of its investment bank.
The markets are fixated on the possible options for Deutsche Bank as it faces the prospect of a $14bn (£10.5bn) penalty from the US authorities for mis-selling mortgage bonds a decade ago.
Hedge funds aren't going away but there is a massive shift happening in the industry, explains finanical advisor Josh Brown.