Deutsche Bank's directors will question the management board over claims the lender failed to recognise billions of dolars in unrealised losses during the financial crisis, two sources said.
Nine months after the JPMorgan trader known as the London Whale amassed credit- derivatives bets that sparked $6bn in losses for the bank, rivals from Bank of America to Morgan Stanley are recommending one of his main strategies.
HSBC Holdings has had its Long-term Issuer Default Rating downgraded by Fitch Ratings to AA- from AA as it braces itself for stiffer regulation and additional compliance costs.
The band's 50-year anniversary tour comes with steep ticket prices. But how high are they comparatively ? See what these prices would have bought in the band's inaugural year.
Banks are braced for a wave of fines and other penalties for breaching money laundering rules, busting sanctions and attempting to manipulate Libor over the coming two weeks.
SAC Capital Advisors LP’s trading in InterMune Inc. (ITMN) in 2010 as well as trades in Weight Watchers International Inc. (WTW) last year are being investigated by the U.S., a person familiar with the matter said.
Rolls-Royce is being investigated by the Serious Fraud Office over allegations that include the payment of a $20m (£12.5m) bribe to the son of a former Indonesian president, who then secured an aircraft engine order for the manufacturer.
Financier and corporate raider Saul Steinberg passed away Friday. He was 73.
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Morgan Stanley, the brokerage with the biggest corps of financial advisers, changed its wealth- management compensation plan to encourage brokers to increase revenue and allow them to buy discounted stock.
When Thomas Hayes joined Citigroup in Tokyo in 2009, he expected to be able to influence Libor just like he’d done at UBS, according to evidence at a London criminal trial.
Nomura has terminated two New York-based mortgage-bond traders for cause in connection with investigations of the market, according to regulatory records.
Credit Suisse’s share price reflects a capital hole of $14.1bn, analysts at Barclays said in a note to clients.