Barclays has said that Daniel Janes, its Australian co-head of investment banking, resigned and Tim Lindley has taken over as head of the unit.
The firm also faces a series of enforcement actions
Prosecutors in Manhattan on Thursday filed a revised indictment of Mathew Martoma, the former SAC Capital portfolio manager charged last November with illegal trading of two drug stocks in what was billed as the largest insider trading case in U.S. history.
The U.S. Securities and Exchange Commission will meet with heads of the major exchanges on September 12th to discuss last week's Nasdaq trading outage, the regulator said on Tuesday.
And it's the last thing this firm needs right now.
The six biggest U.S. banks, led by JP Morgan and Bank of America, have piled up $103bn in legal costs since the financial crisis, more than all dividends paid to shareholders in the past five years.
A Dubai court has dismissed a Kuwaiti sheikh's $21.4m claim against UBS in which he alleged the Swiss bank failed to pay him for helping it become lead arranger on a $9bn asset sale by Kuwaiti telecom operator Zain.
Bank of America's Merrill Lynch unit agreed to pay $160m to settle a discrimination lawsuit filed by black financial advisers, a lawyer for the plaintiffs said.
A former JPMorgan banker was arrested on Tuesday in Spain on charges of hiding massive losses related to the bank's 'London Whale' trade plans to resist extradition to the United States, court officials said.
Imprisoned inside trader Raj Rajaratnam may be getting more inside help behind bars. The New York Post says he has an adjustable bed and balcony and a "manservant" on call.
Billionaire investor Carl Icahn thinks stocks could go down "a lot more" as the market comes to grips with bubbles exacerbated by the Fed's zero interest rate policy.
In the spring of 2011, when the commodities trading giant Glencore was on the verge of floating on the London stock exchange, media outlets received a pointed communiqué from one of the company’s law firms.
The allure of Silicon Valley has been around since the dot-com boom of the 1990’s. Many MBA students have been flocking to startups and technology ever since.