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.
HSBC chief executive Stuart Gulliver has said the bank will provide an "update" on its plans to relocate its headquarters abroad - although that may not include a decision.
The richest stand to gain more from the introduction of new technology than those in poorer sections of society, according to a report that warns of the impact on low-skilled roles from increased use of automation.
The probability of a global economic recession this year is as high as 20% in a worst case scenario, investment bank Morgan Stanley said on Tuesday.