Shirlina Tsang, a former Royal Bank of Scotland Group Plc trader who pleaded guilty in Hong Kong to fraud for trying to hide losses of $30.8m, was sentenced to 50 months in jail.
Gerhard Seebacher, co-head of global fixed-income, currency and commodities trading at Bank of America, is leaving after 18 years at the firm, said two people briefed on the matter.
Former U.S. Treasury Secretary Larry Summers has withdrawn his name for consideration to succeed Ben Bernanke as Federal Reserve chairman, according to a senior administration official.
Op-ed: Five years after Lehman Brothers, big pillars of reform are still not in place and five years from now, we could find ourselves in another financial crisis.
There've been lots of articles written about how difficult it is for gay footballers to come out - especially when they are still playing. Can you imagine, for example, the stick an Arsenal player would get at White Hart Lane, or a Tottenham player at The Emirates ?
Some of Lehman Brothers' Europe-based creditors will be repaid almost all the funds owed to them, according to the administrator of the European operations of the defunct investment bank.
Ben Bernanke may finally announce on Wednesday that he is about to start weaning the world off quantitative easing.
The German maker's iconic 911 sports car made its debut exactly 50 years ago on the stands at the Frankfurt Motor Show, and Porsche is marking the occasion by introducing a special anniversary edition at this year's show, with a limited run of just 1,963 to honor the year the 911 made its debut.
United Airlines will honour plane tickets it mistakenly sold online for between $5 and $10, the company said on Friday.
A gentlemen's agreement between hedge fund titans Steve Cohen and Izzy Englander not to poach employees from each other's firms appears to be over.
Anheuser-Busch InBev has gone public with an increased takeover proposal to buy SABMiller for $104bn (£68bn) in an attempt to put pressure on the UK brewer’s board to form a brewing giant producing a third of the world’s beer.
Anything with a signature tie to the "King of Rock and Roll" is guaranteed to sell and one instrument could soon sell for over half a million dollars.
Despite economic uncertainties dogging the region, Asia overtook Europe as the second most active region for M&A after the U.S., figures show.