Goldman Sachs has defeated a $580m negligence suit over its role as adviser to speech- recognition pioneer Dragon Systems Inc. in a doomed merger, one of its biggest victories in a string of claims by dissatisfied clients since the financial crisis.
Barclays plans to eliminate at least 15% of its investment banking positions in Asia, two people with knowledge of the matter said.
Citigroup needs to continue to clean up its non-core "legacy assets" and focus on operating efficiency, its new CEO Michael Corbat told CNBC at the World Economic Forum in Davos.
Commerzbank, Germany’s second- biggest bank, will cut 4,000 to 6,000 jobs over the next four years to reduce costs and meet a profit goal.
A financial trading tax (FTT) planned by a group of euro zone nations could leave major banks, its main target, relatively unscathed while less nimble smaller trading houses, pension funds and asset managers bear the brunt.
Facebook has apologised after it blocked the operator of one of America's leading same-sex marriage campaigns from accessing the service when he posted a photograph of a mixed-race gay couple online.
Here are links to last week's top 20 stories.
After you screw up, it's easy to lose perspective like truly understanding how big your mistake was.
JPMorgan Chase CEO Jamie Dimon apologized to shareholders for the $6bn loss caused by the so-called 'whale' trade, calling it a 'terrible mistake', but said the bank has moved on and is still highly profitable.
The most scandalous episodes in the new book by @GSElevator aren't the many salacious stories of deviance, debauchery, and excess but rather alleged bond market practices that include horse-trading of favours between bankers and investors — and a secret handshake agreement struck in a Hong Kong hotel.
Former UBS trader Thomas Hayes, testifying for the first time at his Libor manipulation trial, said that he agreed to plead guilty in 2013 because he was petrified that he would otherwise be extradited to the U.S.
HSBC, smarting from a $1.9bn fine for providing banking to money launderers and sanctions-dodgers, promised U.S. officials it would clean up its act.