The U.S. government has failed to produce any evidence to show that Bank of America Countrywide unit committed mortgage fraud in the run-up to the financial crisis, a lawyer for the bank said on Tuesday.
JPMorgan is nearing an agreement worth close to $6bn with a group of institutional investors to settle claims over shoddy mortgage-backed securities issued in the run-up to the financial crisis, a source familiar with the talks said.
Outstanding in Business has put together a British LGBT high-flier top 50.
Two executives of SAC Capital Advisors went to the firm’s London offices across from St. Paul’s Cathedral Tuesday to deliver some unwelcome news.
German tax inspectors have just spent 11 days searching the Frankfurt offices of UBS as part of a probe into possible tax evasion by the bank's clients, a spokesman for the prosecutor in Mannheim, said on Tuesday.
A federal judge has ruled that Goldman Sachs must pay the legal fees of a former computer programmer accused of stealing code from the bank, a decision that wades into a hot-button issue as more and more Wall Street employees find themselves ensnared in lawsuits and investigations.
Rabobank Groep, the Netherlands’ mortgage lender, will pay about $1bn to resolve regulators’ claims that it tried to manipulate benchmark interest rates, two people with knowledge of the matter said.
The Royal Bank of Scotland banker who quit in the wake of the bank's fine for rigging Libor has a new job as head of troubled Bank of Cyprus.
The former General Electric chief said that the JPMorgan settlement is "just the beginning" and that other companies will be pursued.
He claims to have enormous debts. And does have an ex-wife.
Macquarie Group will have to face the fraud and defamation claims of an executive who says the bank ousted him from running Advantage Rent A Car after they teamed up to buy the business from Hertz Global Holdings.
When Antonio Peña Arguelles opened an account in 2005 at Citigroup’s Banamex USA, the know-your-customer documents said he had a small business breeding cattle and white-tailed deer, ranch-raised for their stately antlers. About $50 a month would come into the account, according to the documents.
A slowdown in China has sent commodity prices swooning and dealt a blow to global growth. Now a stuttering recovery in the world's second-largest economy could spark the biggest shipping union in years.