Barclays has suspended three currency traders, including a chief dealer in London, amid a probe into potential foreign exchange manipulation, according to a person with knowledge of the decision.
JPMorgan Chase disclosed Friday that the U.S. Justice Department and agencies from other jurisdictions are investigating hiring practices in Hong Kong that were already being probed by the Securities and Exchange Commission.
Royal Bank of Scotland's new capital resolution division (RCR) will contain £38bn of the bailed-out bank's most troublesome loans.
A former trader at Bernard Madoff's investment firm described on Thursday how he helped create false trades with two other former employees to prop up Madoff's $17bn Ponzi scheme.
Facing lingering questions about the oversight and profitability of their businesses, Morgan Stanley and JPMorgan Chase have taken steps to sell their commodity divisions, say people familiar with the matter.
Royal Bank of Scotland (RBS) has suspended two traders in connection to a growing investigation into the possible manipulation of foreign exchange rates.
The firm is said to be continuing to investigate how the positions went undetected by its safeguarding systems - and weren't reported to supervisors - for 16 business days.
Royal Bank of Scotland expects to post a 'substantial' full-year loss after transferring $61bn of its worst loans to an internal bad bank under government pressure.
The European Union has long had a reputation for micro-managing on every aspect of the region's life - from multibillion euro building projects to the colour of passports. Now the EU has found another pressing matter: toilet flushing.
Second Strongest Month for EMEA M&A in 2013
A former trader in Rabobank's Tokyo office testified on Thursday against two former colleagues, citing a 'culture' among the bank's traders of manipulating Libor to benefit their own trading positions.
The U.S. request to extradite London-based trader Navinder Sarao, accused of helping to spark the 2010 Wall Street 'flash crash', is 'false and misleading' because it misrepresented the way markets work, his lawyer said on Thursday.
From time to time, it's especially good to be Jeff Bezos.