The incoming governor of the Bank of England has warned Europe it must make "sustained and significant reforms" if it is to avoid a Japanese-style lost decade caused by austerity measures.
A proposal to cleave the roles of chairman and CEO at banking giant JPMorgan Chase was defeated in a narrow shareholder vote on Tuesday, strengthening the hand of the bank's embattled chief, Jamie Dimon.
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The Asian prime brokerage unit of Credit Suisse has replaced Morgan Stanley as the second largest firm servicing the region's $148bn hedge funds industry, a survey showed.
Settlement talks between SAC Capital and the federal government, which could have led to a pact preventing criminal charges against founder Steven Cohen, are off after Cohen was issued a subpoena by prosecutors last week.
Enron Corp.’s 2001 collapse revealed the extent of its manipulation of spot gas prices. Twelve years later, European Union regulators may discover energy traders never learned the lessons of the scandal.
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Should the board of JPMorgan Chase force Jamie Dimon, the bank’s chairman and chief executive officer, to give up one of his jobs ?
Former Goldman Sachs director Rajat Gupta is set to ask a federal appeals court in New York Tuesday to overturn his insider-trading conviction by arguing the U.S. shouldn’t have been allowed to use evidence from wiretapped phone calls that didn’t involve him.
Natixis has hired Simon Grenfell as global co-head of commodities, according to two people familiar with the matter.
Goldman Sachs will have to defend in court against an investment insurer’s claims that it lied about billionaire John Paulson’s position in a security known as Abacus.
Citigroup agreed to sell its Alternative Investor Services business to SS&C Technologies Holdings, a provider of software and investment services to the finance industry, for about $425m.