One hundred years ago, on December 23rd, 1913, the Federal Reserve Act was signed into law, giving the United States exactly what it didn't need: a central bank.
A bellwether for bonuses ?
Banks were aware of unusual currency trading at a key period during the trading day four years before regulators began an investigation into the manipulation of the so-called 'London fix', according to reports.
No, not us!
Investment bank Goldman Sachs has become the latest major financial institution to ban its dealers from using multilateral online chatrooms, a source familiar with the matter said on Friday.
European Union lawmakers clinched a deal on jail sentences for market manipulation and insider dealing, giving judges the power to send the worst offenders to prison for at least four years.
Just 3% of financial services professionals polled globally believe that the regulatory changes implemented since 2008 have done enough to prevent a future crash, according to a survey commissioned by global professional services firm Kinetic Partners.
These should be good times for Wall Street bond departments. Central banks are pumping unprecedented amounts of money into the financial system to keep borrowing rates low and boost economic growth.
Mathew Martoma, the latest employee of Steven A. Cohen's SAC Capital Advisors to face trial on insider trading charges, lost a bid on Friday to delay his trial, which is scheduled to start on January 6th.
Aerospace and defense group Rolls-Royce said Britain's Serious Fraud Office (SFO) had started a formal investigation into concerns raised a year ago about bribery and corruption in overseas markets.
When something cataclysmic occurs in the world, especially in America, you can bet your money that Hollywood will eventually step in to revisit it on screen.
European and Asian stock markets were expected to fall sharply on Monday amid fears that the terror attacks in Paris would hurt Europe’s economic recovery.