A former HSBC banker facing charges of fraudulently “front-running” a $3.5bn (£2.7bn) currency trade has denied the allegations in a New York court.
Goldman Sachs' work with Malaysian sovereign wealth fund 1MDB is under the spotlight over U.S. government allegations that billions of dollars were diverted for the personal use of officials in the southeast Asian country.
HSBC conducted its own internal investigation into a $3.5bn (£2.65bn) currency trade over which two of the bank's top traders were charged yesterday, it has been revealed.
Morgan Stanley picked its global head of metals and mining, Richard Tory, to lead investment banking operations in Canada.
The unidentified victim at the centre of the arrest of HSBC executive Mark Johnson was Cairn Energy, when the British oil explorer sold its Indian unit to Vedanta Resources in 2011, according to people familiar with the transaction.
European venture capital (VC) funds raised a record amount of money in the first half of 2016, but the amount of capital being invested in technology start-ups in the region has plummeted, with deals in the U.K. and Ireland hitting a five-year low amid uncertainty surrounding Brexit, new data on Thursday showed.
Anonymous share trading platforms known as dark pools must improve their handling of conflicts of interest, the Financial Conduct Authority (FCA) has said.
The most dominant banks in each market are tightening their grip.
Morgan Stanley's chief exec has said the bank will relocate some of its UK staff following the Brexit vote.
Tsutomu Fujita has resigned as Citigroup’s vice chairman in Japan, ceasing to be an employee of the bank where he’s worked for 16 years, according to an internal memo obtained by Bloomberg.
Citigroup is weighing subleasing space in London’s Canary Wharf district after cutting staff numbers in the U.K. capital, according to three people with knowledge of the plan.
JP Morgan Cazenove has been appointed to oversee the sale of London Stock Exchange’s Paris-based clearing business LCH SA for up to €500m, a deal crucial to the success of the company’s merger with Deutsche Boerse.
The United States will seek the extradition from Britain of a former HSBC executive accused of participating in a fraudulent scheme involving a $3.5 billion (3.21 billion pounds) currency transaction, prosecutors said on Friday.