It's "incredible that the 'London Whale' himself ... got a deal from the government," a defense attorney says.
Citigroup analysts have turned more positive on European equities, and have set an 8000 target for the FTSE 100 by the end of 2014, a near 25% potential gain.
Who was to be next ?
Supercars are very common on the wide, state-of-the-art highways of Dubai. But a new record-breaking Lamborghini, made out of gold and gems, is sure to turn heads.
A Citigroup unit must pay $3.1m to a Florida-based couple who alleged the firm did not properly supervise a broker who steered them to invest in a politician's real estate developments that later went broke, a securities arbitration panel has ruled.
Two former JPMorgan traders were indicted for engaging in a securities fraud to hide trading losses that eventually surpassed $6.2bn on wrong-way derivatives bets last year.
Even if you hit the big time you may not make the coveted Forbes rich list as America's billionaires continue to amass wealth, the editor of Forbes told CNBC on Tuesday.
Dick Fuld appears to remain a Wall Street pariah.
Bank of America has said its mid-cycle stress test showed that the bank had enough capital to withstand a severe economic downturn.
Morgan Stanley said internal stress tests show the firm can weather a severe economic crisis with a profit while it sustains $7bn in trading and counterparty losses.
Goldman Sachs CEO Lloyd Blankfein is continuing a busy schedule while battling cancer, his top deputy said Tuesday.
Deutsche Bank plans to appoint North America equities head Thomas Patrick to run the firm’s global stock-trading business, a person with knowledge of the decision said.
McDonald’s is to launch a premium range of burgers in Britain to head off growing competition from rival chains such as Five Guys and Shake Shack.