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Ex-Oppenheimer fund manager agrees to settle fraud charges

Sec Building

The Securities and Exchange Commission has announced that a former Oppenheimer & Co. portfolio manager has agreed to be barred from the securities industry and pay a $100,000 penalty for making misrepresentations about the valuation of a fund consisting of other private equity funds.

We'll name and shame bank rate-riggers

Pointing Finger

The names of the U.S. and European banks at the center of a new interest rate-rigging probe will soon be named, Joaquin Almunia, the European Commission's vice-president and competition commissioner told CNBC.

Barclays boss: 'After this generation of bankers, there will be another crash'

Antony Jenkins Barclays

Antony Jenkins, the boss of Barclays, warned yesterday that there would be another financial crisis once the current crop of bankers, who bore the scars of 2008, had retired or died. "I don't think we're going to have another crisis like this in the next five years, but we will have another problem when all the people like us … have retired or died."

Morgan Stanley CEO: Strategy in place, results not

Morgan Stanley building

Wall Street is in the biggest transition since the 1933 Glass-Steagall Act, and Morgan Stanley has put a strategy in place that's working, but the full results are not there yet, Chairman and CEO James Gorman said on CNBC's " Squawk Box " on Wednesday from the World Economic Forum in Davos, Switzerland.




Lloyds set to cut more jobs

Up to 1,000 job losses are expected to be announced at Lloyds Banking Group in the latest attempt by the bailed-out bank to cut costs and bolster profitability.