One of the world's most infamous and longest-running white collar crime cases could come to a dramatic end Friday, when Jeffrey Skilling and prosecutors go before a judge to ask that the former Enron CEO be released early from prison.
Former UBS trader Tom Hayes appeared in a London court on Thursday accused of conspiracy to defraud in connection with a global investigation into the Libor interest rate rigging scandal.
Tom Hayes, the former UBS and Citigroup derivatives trader, conspired with employees at HSBC, Rabobank Groep and other banks, as well as brokers, to manipulate Libor rates, prosecutors said Thursday.
As swingeing government cuts bite, critics may have questioned George Osborne's soul, but Barack Obama appears to have no such doubts about the chancellor.
PIMCO co-CIO Bill Gross appeared on Bloomberg TV's 'Street Smart' with Trish Regan and Adam Johnson today, where he said that investors who are selling Treasuries on expectations that the Federal Reserve will scale back QE are missing the influence of inflation on the Fed's decision.
Investors are underestimating the potential profitability of Barclays' securities unit as the firm cuts costs and is able to reinvest capital, according to Morgan Stanley research.
Credit Suisse and Julius Baer, the largest Swiss banks embroiled in a U.S. tax-evasion probe, may face delays in reaching settlements after the Swiss Parliament rejected a bill that would have freed the industry to send information to the U.S.
Singapore’s smog level reached a all-time high Thursday, as officials head to Jakarta to discuss ways to stem the pollution caused by forest burning on the Indonesian island of Sumatra.
When Mark Carney takes over as Governor of the Bank of England next month he should move swiftly to implement the additional Quantitative Easing which BofE Governor King has been unable to persuade the MPC is required – a quick look at the supply of money will confirm the need for this.
The scale of the capital shortfalls of each of Britain's major banks is expected to be revealed by the banking regulator on Thursday amid mounting speculation that the big eight players could have been ordered to find up to £27bn to plug gaps identified by the watchdog.
BlackRock, the world’s biggest money manager, is proposing changes that would enable large, longtime shareholders in the company to nominate their own directors.
JPMorgan says its felony plea for market rigging shouldn’t bar it from owning part of LightSquared, a satellite company emerging from bankruptcy and trying again to set up a mobile broadband service.
The Securities and Exchange Commission has announced that three private equity fund advisers within The Blackstone Group have agreed to pay nearly $39m to settle charges that they failed to fully inform investors about benefits that the advisers obtained from accelerated monitoring fees and discounts on legal fees.