Deutsche Bank has now closed its iron ore swaps business as part of an overall strategy to get out of physical commodities and maintain only a limited presence in commodity derivatives.
The Federal Reserve's approval of the Volcker Rule , meant to rein in risky trading in reaction to the financial crisis, sends a clear signal, bank analyst Mike Mayo of CLSA said Tuesday.
The former Goldman Sachs secretary who was jailed in 2004 for stealing more than £4m from her banker bosses has landed a job coaching white-collar criminals in how to cope with a prison term.
Meg Whitman, chief executive of Hewlett-Packard (HP) told CNBC in an interview that "desktops are not dead" as the group battles tough competition in the technology market.
Royal Bank of Scotland was facing fresh management upheaval on Tuesday night when the bailed-out bank's newly-appointed finance director suddenly quit.
Deutsche Bank's bid to revive its American wealth management unit is off to a rocky start.
Barclays is preparing to ditch its controversial sponsorship deal for Boris Johnson's flagship bicycle hire scheme, delivering only half the £50m the London mayor had claimed the bank would pay.
Apple has forced a secure messaging app to remove the ability to send bitcoin payments or be booted off the the iOS App Store.
Wall Street is facing tighter scrutiny of its trading activities after US regulators moved on Tuesday to impose stricter rules on the types of trades banks can make following the financial crisis.
It's been a good year for the eurozone crisis in the sense that flare-ups have been few and minor.
French bank Societe Generale enjoyed the benefits of a sharp increase in its retail banking business and what its chief saw as a "moderate" improvement in economies as it recorded a 27 percent increase in third-quarter group net profit to 1.126 billion euros ($1.2 billion).
George Osborne is being urged to stop the selloff of Royal Bank of Scotland shares at a loss before a parliamentary debate on the future of the bailed-out bank.
The Federal Trade Commission is cracking down on debt collectors that “bullied, intimidated or scared” consumers into paying debts they didn’t owe or had already paid off, Illinois’ state attorney general said on Wednesday.