Citigroup and Bank of America's Merrill Lynch are among five firms that will pay $4.48m to settle regulatory claims they used funds from municipal and state bond deals to pay lobbyists.
Initial public offerings in 2012 slumped to the lowest level since the financial crisis as signs of an economic slowdown and Facebook Inc.’s (FB) disappointing debut curbed demand and prompted companies to push back sales.
Hewlett-Packard said the Justice Department has notified the firm that it has opened an investigation into Autonomy.
Treasury Secretary Timothy Geithner on Wednesday notified Congress that the U.S. is going to hit the debt ceiling on New Year's Eve.
Three billionaire oligarchs who founded the controversial FTSE 100 miner Eurasian Natural Resources Corporation are being personally sued for $27m (£17m) by their former corporate finance adviser.
Here's some of the best Bloomberg videos of 2012.
Here are some of the most momentous news events that took place during 2012.
Thomas Joyce, the CEO of Knight Capital Group, is poised to collect a $7.5m retention payment tied to Getco LLC’s acquisition of the market-making firm, according to a government filing.
Galleon Group LLC co-founder Raj Rajaratnam, who is serving 11 years in prison for insider trading, agreed to pay $1.5m to settle a civil case brought by the U.S. Securities and Exchange Commission.
Global mergers and acquisitions rose to the highest level in four years this quarter, as a surge in U.S. deals provided ground for optimism and salvaged what had been the worst year for takeovers since the financial crisis.
The Federal Reserve on Wednesday continued to pave the way for an increase in interest rates as early as September.
It remains a mystery why Antony Jenkins received a “unanimous” vote of no confidence from Barclays’ non-executive directors.
Major banks and brokers have failed to make sufficient internal changes following the Libor and foreign exchange rigging scandals, according to the City regulator.