Jamie Dimon isn’t signing a big cheque for nothing.
Bank of America, sued by U.S. attorneys in August over an $850m mortgage bond, faces three additional Justice Department civil probes over mortgage-backed securities, according to two people with direct knowledge of the situation.
Toronto-Dominion Bank isn’t on the lookout for another U.S. retail bank and doesn’t need to do a deal, Chief Executive Officer Ed Clark said.
The US added just 148,000 new jobs in September as employers appear to have cut back on hiring ahead of Washington's budget battle.
Mark Carney, the governor of the Bank of England, has called in US management consultants McKinsey to review the 319-year-old institution's strategy.
Here's one guy out of the running to succeed Goldman CEO Lloyd Blankfein.
A former JPMorgan executive in Europe is appealing findings by Britain's financial watchdog that criticised his actions in connection with the 'London Whale' scandal.
Royal Bank of Scotland shares tumbled more than 5% on news that the Chancellor plans to break the firm into a 'good bank' and a 'bad bank' within weeks, and on fears of costly fines by the US authorities.
Bitcoin, the cryptographic peer-to-peer digital currency, has reached a new price high since the market crash in April this year.
The Serious Fraud Office has written to 22 individuals to tell them they are facing investigation for potential Libor rigging, a London court heard on Monday.
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.
The government’s “fixation” on the size of the state is straining vital public services and undermining social stability, according to a report from the TUC, which argues that further cuts could damage the economy.