Ma Sin-chi, a former Deutsche Bank managing director in Hong Kong, was sentenced to seven years in jail for accepting $3.2m in bribes.
Former Goldman Sachs banker Elias Preko was sentenced to four-and-a-half years in prison by a London court on Monday for laundering $5m on behalf of James Ibori, the former governor of Nigeria's oil-producing state of Delta.
David Sirianni, Oppenheimer's head municipal bond trader, was fined $100,000 and suspended for 60 days by the Financial Industry Regulatory Authority for overcharging customers.
HSBC has played down the prospect of spinning off its UK business in a separate stock market listing in a move that would undo its takeover of Midland Bank 20 years ago.
Deutsche Bank has announced that Thomas Poppensieker, 43, will join the firm to lead efforts to further strengthen its control framework across business divisions and infrastructure functions.
Britain's economy needs sustained low interest rates to spur growth and repair the stricken banking sector, the Bank of England governor Mark Carney has warned, in a strong rebuttal of critics calling for a rapid rate hike in response to a galloping housing market.
The world’s biggest airline was officially created on Monday with the merger of American Airways and US Airways, capping a round of consolidation that has worried the US government, rivals and consumer groups.
European aerospace group EADS has announced plans to cut 5,800 jobs at its Airbus Defence and Space Unit by the end of 2016.
Victims of the biggest theft in bitcoin history tried to put the much vaunted anonymity of the currency to the test as they attempted to recover their stolen money.
What's the theme for 2014? It's still murky, but I'm increasingly warming to the idea of a synchronized--yet very low-key--global economic recovery.
AstraZeneca has agreed to buy ZS Pharma, the US biotech company, for $2.7bn (£1.8bn) in cash, thwarting the ambitions of a Swiss rival in the deal-hungry pharmaceutical sector.
ArcelorMittal blamed cheap Chinese imports for depressing the price of steel as the world’s biggest steelmaker scrapped its annual dividend after losing $1.3bn (£860m) in the first nine months of 2015.
Hedge funds like the sort of stock market volatility predicted this week by a US investment bank: Morgan Stanley claimed that if the UK votes to leave the European Union, shares in the FTSE 100 could underperform by 20%.