Toronto-Dominion Bank CEO Ed Clark will get a lifetime annual pension of $2.23m after stepping down as head of the firm.
Customers of former Jefferies managing director Jesse Litvak told a jury during his fraud trial last week that they still got good deals on the bonds they bought through him even with his alleged misrepresentations.
The US Federal Reserve knew about Libor rigging three years before the financial scandal exploded but did not take any firm action, documents have revealed.
Eight of America's largest banks will begin using their own models and systems to calculate the amount of capital they need to set aside for risk- weighted assets, according to a source familiar with the situation.
The world's largest listed companies paid out more than $1 trillion in dividends for the first time, a new report shows.
With wage rises failing to match the flickering signs of an upturn in the global economy, chief financial officers have told CNBC that a lack of consumer spending is a major fear for their companies.
Murder in mind ?
Dixons and Carphone Warehouse are in merger talks that could create a FTSE 100-listed electricals giant with a market value of £3.5bn.
UBS, trying to reprise its success in limiting fines in a probe of interest-rate rigging, is seeking immunity in the U.S. and European Union as part of the global investigation of currency markets, two people with knowledge of the case said.
State Street have said the U.S. Securities and Exchange Commission and U.S. Attorney’s offices are conducting separate investigations into claims that it overcharged clients in the U.K.
Citigroup will take a $300 million repositioning charge' in the fourth quarter to 'resize infrastructure and capacity' throughout its businesses, Chief Financial Officer John Gerspach said on Wednesday.
Royal Bank of Scotland is paying €23.8m (£17.3m) to German prosecutors to settle an investigation into tax evasion by part of Coutts, best known for being banker to the Queen.
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