GFI Group has sued a former trainee broker in Singapore for allegedly e-mailing data to himself before informing the company that he planned to quit and join a rival.
Bank of America Merrill Lynch has announced that Percy Batliwalla has been named global head of Sales for Large Corporates and Financial Institutions in Global Transaction Services (GTS) at Bank of America Merrill Lynch.
JPMorgan and a major insurer have agreed to a $300m settlement to resolve accusations that they forced homeowners into over-priced property insurance and entered into kickback arrangements that inflated the policies' prices.
The big banks don't have to be split if the "right regulation" is in place, Sandy Weill, former chairman and CEO at Citigroup, told CNBC on Tuesday, a year after he shocked the financial world by calling for the breakup of the investment banking and commercial banking operations.
Toronto-Dominion Bank is ramping up its U.S. asset-management business while doubling the number of advisers for wealthy American clients in an bid to accelerate profit.
The power of one.
Deutsche Bank faces a hearing in a lawsuit by four traders fired over the lender’s role in the alleged rigging of interest benchmarks after mandated mediation failed to produce a settlement.
Former Treasury Secretary Henry Paulson told an audience of bankers and economists at a hotel on New York’s Fifth Avenue Monday that many of the factors that contributed to the financial crisis of 2008 are still in place.
Banks which have patched up their information technology (IT) systems too often in recent years face big increases in spending to modernise their operations for the digital age.
At times, Mary Jo White sounds almost like Wyatt Earp, or some other law enforcer from the Old West … only without the gun.
Pacific Investment Management Co.’s flagship fund had its 29th straight month of client redemptions in September from what was once the world’s largest mutual fund.
The public is to be offered cut-price shares in Lloyds Banking Group as the government moves to complete the sale of its stake in the bailed-out bank more than eight years after the financial crisis.