The traditional hedge fund public relations strategy of "no comment" is starting to change.
JPMorgan said the bank can increase profit 50% in the next four to five years as higher rates boost interest margins and the firm cuts 5,500 more jobs from retail units than it had forecast.
Annette Bongiorno, who ran the investment advisory business at the centre of Bernard Madoff’s $17bn Ponzi scheme, told a jury she backdated customer trades almost every day and didn’t realize it was wrong.
Royal Bank of Scotland is to pay approximately $918m in bonuses for 2013 after securing the agreement of the UK Treasury agency that is its biggest shareholder.
Barclays said on Tuesday that it has closed its power trading desks in London and New York, joining a string of global investment banks that are paring down their commodity market activities as increased regulations bite.
JPMorgan, the bank whose legal and regulatory battles led to more than $23bn in settlements in 2013, said Chief Compliance Officer Cindy Armine left to join another firm after a year on the job.
Bitcoin is here to stay, despite a little hiccup in Japan.
Bitcoin is in a struggle to stay alive, caught in a worst-nightmare scenario of snafus that threaten not only investor money but also integrity.
After 2013's hectic gains, Japan stocks may be downshifting to slow and steady as reforms need some lag time to spur further advances, analysts said.
Insights from a prominent Bitcoin commentator that global powers are beginning to feel threatened by cryptocurrencies.
The jury trial date for six people alleged of playing a role in the manipulation of the Euro Interbank Offered Rate (Euribor) has today been set to begin on 4 September 2017.
Bitcoin was the world’s best-performing currency in 2015, beating out the US dollar by nearly 40 per cent.
Major investors in HSBC think the bank is more likely to remain headquartered in London following changes to the political and regulatory landscape since the bank announced a review nine months ago.