A relic of failure from the buyout boom is the gift that keeps on giving to Wall Street banks and law firms.
U.S. authorities issued subpoenas to Goldman Sachs for documents related to the bank's dealings with troubled Malaysia state wealth fund 1MDB, The Wall Street Journal reported, citing a person familiar with the matter.
Analysts are scrutinising the potential hit Royal Bank of Scotland and Barclays could take to their financial strength at times of market turbulence following the publication of EU-wide health checks on the financial sector.
Another bumper week of UK banking earnings is expected to bring a fresh dose of bad news, with profits expected to slide at HSBC and a loss forecast at RBS.
A group of women explain to CNBC's "On the Money" how they're addressing the lack of female representation on Wall Street--by making a movie about it.
Young people entering higher education to boost their future earnings are in for a shock, according to new research, which claims the idea of an earnings premium for graduates has become a myth.
The timing could hardly be better.
The Bank of England is expected to cut interest rates for the first time since the financial crisis this week and lower its UK growth forecasts by the biggest margin on record, in response to the uncertainty caused by the EU referendum result.
Stress tests by the European Banking Authority found that BMPS would have the greatest difficulty out of 51 of Europe's banks covering its loans.
The Royal Bank of Scotland has taken the biggest hit to its financial strength of any UK bank subjected to European-wide health checks on major banks.
Julius Baer, DBS Group Holdings and LGT Bank are considering bids for ABN Amro’s private-banking business in Asia, people with knowledge of the matter said.
A former senior banker who drove his Ferrari into a security guard at high speed in a fatal accident last year has been jailed for 21 months for dangerous driving causing death, after his claims of mechanical failure were rejected.