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Thomson Reuters: 2013 in Investment Banking

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As global investment banks and their corporate clients continue to navigate the post-2008 macroeconomic and regulatory environment, 2013 offered a stark contrast between the booming capital markets and the continued moderation of corporate deal making.

Goldman 'Fabulous Fab' denied fresh trial

Gavel

Fabrice Tourre, the former Goldman Sachs VP who was found liable for defrauding investors over a failed mortgage transaction, has failed to persuade a federal judge to dismiss the case or give him a new trial.

Former UBS exec pleads not guilty

American courtroom

A former high-ranking UBS banker charged with helping Americans dodge taxes through secret Swiss bank accounts pleaded not guilty on Tuesday to fraud conspiracy charges linked to a U.S. tax evasion investigation that shook Swiss banking to the core.

Citigroup to sell $1bn in fund stakes

For Sale

Citigroup, which is scaling back illiquid investments to comply with rules that limit risk-taking by banks, may sell about $1bn in holdings managed by its former private-equity business, according to five people familiar with the matter.

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FEATURED

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Barclays to pay to settle over mutual funds

Barclays will pay more than $13.75m to settle U.S. regulatory charges that it let retail brokerage customers make unsuitable mutual fund transactions, including more than 6,100 fund switches, over a five-year period.