A top official for the Financial Industry Regulatory Authority resigned after the agency was informed he was indicted for felony theft and charitable bingo fraud in 1993, the year he joined the agency.
Following the move by Singapore's central bank to censure 20 banks over alleged rate-rigging, industry participants warn the incident marks the demise of the 'old boys' club' banking culture that has dominated the city state in the past.
Using profane language and working in an investment bank may seem as apt a combination as wearing a stetson and rounding up cattle. But....
UBS said it is cooperating with Singapore's regulator following the city-state's censure of 20 banks whose traders were found to have manipulated benchmark borrowing and currency rates.
Russian tycoon Dmitry Itskov convened a meeting this weekend gone to explore the possibility of creating lifelike copies of humans to be uploaded with the contents of a real human brain.
A top U.S. banking regulator called Deutsche Bank's capital levels "horrible" and said it is the worst on a list of global banks based on one measurement of leverage ratios.
All chief executives had to come to terms with professional mortality, Stephen Hester said last year. "Chief executive jobs bring with them job insecurity … I've always accepted that part of it is that I will not exit in a way and timing of my choice," Hester said.
Renowned investor, Anthony Bolton is set to retire from Fidelity next year after three decades working in the fund management industry, ending his career with what he described as "disappointing" returns for investors after his bullish views on China failed to pan out.
Singapore’s monetary authority censured banks for trying to rig benchmark interest rates and ordered them to set aside as much as $9.6bn at zero interest pending steps to improve internal controls.
With a competitive wave of nominations received, Private Banker International (PBI) has released the shortlist for the prestigious 10th PBI Global Wealth Awards 2015.
UniCredit CEO Federico Ghizzoni declined to comment on Thursday on a report that the bank was mulling more than 10,000 lay-offs saying there were no specific figures yet on the table.
HSBC has appointed Efe Kapanci to head its mergers and acquisitions business in the Middle East and North Africa.