Raoul Weil, once a powerful UBS executive, will return Tuesday to a U.S. courthouse where prosecutors said last month he ran a business that used Swiss bank secrecy to help Americans cheat on their taxes.
JPMorgan Chase is expected to pay approximately $2 billion to settle a criminal and regulatory investigation into its dealings with Bernard Madoff, though no individuals at the bank will be implicated, according to sources familiar with the agreement.
Nomura, Asia’s global investment bank, has been recognized for its strength in Emerging Markets Debt Research and Trading in Eleonora’s Emerging Markets survey for 2013.
A trial starting this week over what US prosecutors say is the most lucrative insider trading scheme ever is expected to bring further pressure on Steven A Cohen, the founder of the SAC Capital Advisors hedge fund.
Lazard Ltd has announced that Bozidar Djelic has joined the firm as a Managing Director in the Sovereign Advisory Group, based in Paris.
Legg Mason have announced the appointment of Thomas K. Hoops, an executive with significant leadership experience in the asset management industry, as Executive Vice President and Head of Business Development.
The Senate on Monday approved Janet Yellen to become the next chair of the Federal Reserve. She currently serves as Fed vice chair and previously worked as head of the San Francisco Fed.
Royal Bank of Scotland was ordered to pay $50m by a federal judge in Connecticut over claims that it rigged the London interbank offered rate.
Barclays is expected to hand its top directors additional shares as part of a revamped scheme to sidestep the European Union's cap on bankers' bonuses.
Canadian Imperial Bank of Commerce named Joe Kostandoff head of syndication for equity capital markets at its investment-banking unit to replace Scott Smith, who’s left the firm.
The clock is ticking for American tax dodgers around the world after BNP Paribas’ Swiss unit and two other banks joined a U.S. program to avoid prosecution, revealing the exact methods of Swiss bankers’ legendary discretion.
Houlihan Lokey has announced that J. Andrew Koecher has joined the firm as a Managing Director and Head of the Transaction Advisory Services (TAS) practice.