Societe Generale has lost a high-profile lawsuit against a London-based investment banker that could costthe firm up $26m.
Knight Capital Group and GETCO Holding Company today announced they have entered into an agreement for a strategic business combination whereby GETCO and Knight will be combined under a new publicly traded holding company.
Drunken Twitter and Facebook users who post grossly offensive messages online may be less likely to face prosecution if they hit delete and express remorse after they sober up, Keir Starmer, the director of public prosecutions, indicated.
Dominique Strauss-Kahn, the former head of the International Monetary Fund, lost a bid to halt a French investigation into his links to a prostitution ring.
Incoming Bank of England governor Mark Carney will pocket a £250,000 housing allowance, taking his annual income close to £1m a year when he takes the reins next summer, the central bank has revealed.
It's usually the emails that gets 'em.
The Financial Services Authority (FSA) has fined UBS £160m for misconduct relating to the London Interbank Offered Rate (LIBOR) and the Euro Interbank Offered Rate (EURIBOR). This is the largest fine ever imposed by the FSA.
French Finance Minister Pierre Moscovici is set to submit to the cabinet today a bill designed to force the country’s largest banks to fence off proprietary trading activities in dedicated units.
UBS announced today that its Board of Directors has authorized settlements with the US Department of Justice (DoJ) and Commodity Futures Trading Commission (CFTC) in connection with their investigations of benchmark interest rates.
The list every CEO doesn't want to make.
Global banks could quit London if Britain votes to leave the European Union, the ratings agency Standard & Poor’s has said, as it warned a UK exit would pose a risk to the growth prospects of the UK economy.
One of Switzerland’s two global banks was conspicuously absent from the Innovation in Finance conference in April at the Dolder Grand, a castlelike hotel overlooking Zurich.
Amazon is overhauling the way it pays royalties to self-published authors on its e-book platform, by rewarding them based on the number of pages of their book that have been read.