Switzerland's plan to raise the leverage ratio required of banks is unrealistic, the CEO of UBS said in a newspaper interview published on Sunday.
Royal Bank of Scotland admitted it has made bad decisions but vowed it had not 'misled' investors as it lined up its defence against a $6.5bn lawsuit from shareholders.
After three weeks and 13 witnesses, the government on Friday rested its insider trading case against Michael S. Steinberg, a former fund manager at SAC Capital Advisors.
The Bank of England has taken unprecedented action to strip a senior banker of key responsibilities due to concerns over potential conflicts.
Andrew Tyrie's work is nearly done.
The current economic buzzword is “transition”.
Europe's banking watchdog has watered down its proposals on the controversial bonus cap potentially allowing an estimated 12,000 highly paid bankers to avoid the limit on their pay.
This week Ben Bernanke chairs his last meeting as head of the Federal Reserve – a position that has undoubtedly become the most important job in finance under his tenure.
U.S. securities laws have their limits and do not justify making UBS liable to shareholders for touting its ability to control risk even as it harbored a rogue trader who caused $2.3bn of losses, a federal judge ruled on Friday.
Bernard L. Madoff claims that he has provided key information to investigators of JP Morgan, reported CNBC's Scott Cohn Friday.
HSBC granted 13 executives a total of $2.7m in shares for the third quarter, led by investment-banking chief Samir Assaf, as banks sidestep regulatory limits on bonuses.
The US Justice Department has sued to prevent United Airlines from acquiring an additional 24 flight slots at Newark Liberty international airport, in a move that could potentially endanger the airline’s expansion plans.
Amid a negative performance and a shift to funds with longer-term investor commitments, the distressed-investing firm Avenue Capital Group is closing its original hedge fund, Avenue Investments, and returning money to the fund's investors.