A Manhattan jury has found former SAC Capital manager Mathew Martoma guilty of using illegal tips to earn his employer $276m in a scheme prosecutors alleged was one of the largest ever insider-trading scams.
Bank of England officials told currency traders it wasn’t improper to share impending customer orders with counterparts at other firms, a practice at the heart of a widening probe into alleged market manipulation, according to a person who has seen notes turned over to regulators.
Following a year plagued by regulatory headaches, JPMorgan Chase CEO Jamie Dimon's wallet got even fatter-a move that Sen. Elizabeth Warren, D-Mass., questioned Thursday.
Albert Edwards, Societe Generale's strategist, predicts a global recession with equity valuations dropping to their lowest levels in a generation.
European M&A activity totals $53.6 billion for year-to-date 2014, a 32% increase compared to a year ago and marks the strongest start for deal making in Europe since 2011.
Gamblers around the world lost $440 billion last year, and the industry is growing. The US is the biggest market, but Australians lose the most.
Credit Suisse on Thursday reported net profit below analyst forecasts as provisions for litigation weighed on the group.
Barclays is moving its employees from an eastern Singapore suburb to its offices in the city’s central business district to cut costs.
Deutsche Bank has fired three currency traders in New York as regulators worldwide ramp up their investigations into potential manipulation of the $5-tril-a-day foreign exchange market, according to a person briefed on the matter.
Citigroup has agreed to pay $110m to thousands of homeowners who were forcibly charged expensive property insurance premiums, a court filing showed, as several U.S. banks and insurers were criticized by regulators over such practices.
Former Royal Bank of Scotland Plc trader Ian Drysdale’s unfair dismissal lawsuit against the bank is continuing in a London court while judges deliberate on a verdict.
As many as seven UBS traders may face sanctions from Switzerland’s financial watchdog in the coming weeks, potentially the first individuals to be punished in the global currency-rigging scandal, said two people with knowledge of the situation.
Jes Staley begins his first day as chief executive of Barclays with a loss of almost £300,000 on the shares he bought last month to show his commitment to the role.