Former JP Morgan traders Javier Martin-Artajo and Julien Grout are likely to voluntarily turn themselves over to US authorities, according to reports.
Cor blimey (former) guv'nor!
The Bank of Italy told Siena prosecutors that disclosure rules were broken when JP Morgan arranged a $1.3bn exchangeable bond for Banca Monte dei Paschi di Siena SpA in 2008.
Europe’s biggest banks are stepping up efforts to boost capital and trim assets as pressure from regulators and investors increases, half a decade after the global financial crisis began.
Jefferies hires a managing director for its consumer investment-banking unit, according to a person with direct knowledge of the move.
A breakdown in culture led to JP Morgan racking up $6bn loses in the 'London Whale' trading scandal, US prosecutors claimed Wednesday as they filed criminal charges against two of its bankers.
JPMorgan expects to be fined by authorities over last year’s $6.2bn trading loss, which led to criminal charges against two former employees, said a person familiar with the matter.
Royal Bank of Scotland is unlikely to face a breakup as the costs would outweigh the benefits, Fitch Ratings said.
Firing an employee in public might be gratifying for a boss, but it's not likely to rally the troops or assure investors. And it may result in an ugly legal battle.
They flaunt their cash around the world, buying soccer clubs, owning airlines and running banks. Now the Emirati Royal Family rules the waves too after ranking first in a league table of owners of the world's biggest mega-yachts, knocking billionaire Roman Abramovich off the top spot.
Bank of America has hired Mark Cabana from the Federal Reserve Bank of New York to head U.S. short rates strategy, according to a company memo obtained by Bloomberg.
Benjamin Solomon, Deutsche Bank’s former global head of securitized-product trading, accused the company in a lawsuit of firing him on frivolous and unjust grounds amid an industry focus on supervisors’ responsibilities.