A U.S. judge said the Internal Revenue Service can demand information from UBS about U.S. clients of Wegelin & Co., the Swiss bank that pleaded guilty this month to conspiring to help cheat the IRS.
Barclays has been removed from the list of companies in which the ethical funds run by Co-operative Asset Management can invest because of concerns about the way the bank has been hit by the Libor scandal and its reliance on investment banking.
A row could be brewing at Royal Bank of Scotland, which is due to hand bonuses worth around £4m to the head of its investment bank, John Hourican, whose departure is expected in the coming weeks.
Asia's financial capital Hong Kong retained its top spot as the world's most expensive city to rent a high-end apartment as robust demand on the island, a popular destination for employees looking to relocate overseas, and constrained supply, kept prices elevated.
Credit Suisse is seeking to sublet as much as 64,000 square feet of office space in Hong Kong’s tallest skyscraper, as prime office vacancies rise in the city amid job cuts by global financial services companies.
Twitter has apologised over a "human error" that allowed hardcore pornography to be shown on the homepage of its new six-second video app, Vine.
Aleksey Vayner, the young man responsible for the resume mocked around the world has died.
Goldman Sachs' Lloyd Blankfein, whose bonus for last year almost doubled, said he would stay as CEO even if the company cut his pay.
Credit Suisse plans to pay out part of its bonuses for top staff at the investment bank in cash that can be clawed back over the next three years.
Former Morgan Stanley brokerage adviser Kevin Dowd was charged with insider trading for tipping a friend ahead of Gilead Sciences’s $11bn acquisition of Pharmasset, U.S. prosecutors said.
John McFarlane has a fearsome reputation for shaking up companies soon after he joins them.
Jon Corzine and other former MF Global Holdings officials have reached a $64.5m settlement of litigation brought by investors seeking to hold them liable for the now-defunct futures brokerage's 2011 bankruptcy.
Sumitomo Mitsui Financial Group plans to hire about a dozen bankers for initial public offerings, a move that could challenge Nomura's stronghold as the biggest manager of debut share sales in Japan.