M&A activity looks to pick up. Debt markets should expand. Clients may stop nagging about fees. What's not to like ?
After eight years of legal tussles, a federal judge Friday approved a record $160 million settlement in a racial bias suit against Merrill Lynch brought by black brokers.
Barclays ran a proprietary trading fund that profited from the bank’s attempts to manipulate benchmark interest rates, the plaintiff in the U.K.’s first lawsuit linked to Libor misconduct said.
Speadsheets and emails.
Bob Diamond, one of the most controversial bankers to emerge from the financial crisis and the man ousted as boss of Barclays after a direct intervention by the Bank of England, is making a dramatic return to the City with the launch of a new Africa banking business.
Just off the M1 near Leeds, there's a British-owned company that turns out 300 sports and racing cars a year. The perfect boys' toys, they will set you back up to £240,000.
There is only a small risk that the U.K. will leave the European Union and the country remains committed to reforming and improving its relationship within the continent, the U.K. Business Secretary Vince Cable said on Friday.
J.P. Morgan's alleged failure to file a key federal document more than five years ago is emerging as a critical component of a Justice Department investigation into whether the bank provided adequate warnings about the fraud of Bernard Madoff, people close to the probe said.
Citigroup has hired Nomura’s Brent Donnelly to trade currencies in New York, according to a person with direct knowledge of the matter.
The SEC has commenced an investigation into Barnes & Noble's accounting, pushing shares of the bookstore chain sharply lower.
BlackRock has agreed to purchase an $87bn money-market fund business from Bank of America as it builds scale in an industry grappling with new regulations.
A jury on Tuesday convicted high-frequency trader Michael Coscia of commodities fraud and 'spoofing', in the U.S. government's first criminal prosecution of the banned trading practice.
Goldman Sachs added the offering and auction of securities, as well as 'when-issued trading', to a list of activities that regulators and other government bodies are investigating.