The big banks should not be able allowed to dip into FDIC-insured deposits to engage in risky trading activities, Sen. Elizabeth Warren, D-Mass., said on CNBC Friday, as she pushed for a new, modern-day bank breakup bill.
The veteran stockbroker Barry Townsley, best known outside the City for becoming embroiled in the cash-for-honours controversy, is to take his claim for damages against his onetime friend and business partner Guy Naggar to the court of appeal.
Fitch on Friday cut France's credit rating to AA-plus on an uncertain economic outlook amid the ongoing euro zone crisis and the need for structural reform, costing the monetary union's No. 2 economy its last major triple-A rating.
European Union financial services chief, Michel Barnier, announced plans on Friday for a new Europe-wide law to ensure that banks manage risks better.
Wells Fargo, the biggest U.S. mortgage lender, reported a 20 percent rise in second-quarter profit on Friday as it set aside less money to cover bad loans.
It's Jamie Dimon time.
U.S. Senator Elizabeth Warren said she and a bipartisan group of lawmakers are introducing a bill aimed at re-creating the Glass-Steagall Act, the Depression-era measure that separated commercial and investment banking.
Prosecutors have searched 10 offices of UBS in Germany in connection with an ongoing probe of tax avoidance by the Swiss bank's German clients, the state prosecutor in Bochum said on Friday.
There are two classes of London bankers.
Sherry Lansing, former president of 20th Century Fox and CEO of Paramount Pictures, has revealed that two of her greatest film triumphs - "Fatal Attraction" and "Forrest Gump" - were previously passed on by several studios before reaching her desk.