Christos Bagios, a former banker at UBS and Credit Suisse arrested amid a U.S. crackdown on offshore tax evasion, pleaded guilty to helping Americans cheat on taxes from 1993 to 2009.
Stress. It’s rife in the City at the moment and it’s no wonder with continuous news of redundancies.
Barack Obama, the post-partisan candidate of hope who became the first black U.S. president, won re-election today by overcoming four years of economic discontent with a mix of political populism and electoral math.
Democrats are assured of retaining their U.S. Senate majority after Republicans lost seats in Indiana, Massachusetts and Maine, and Democrats held on to crucial seats in Virginia and Missouri.
Republicans won the North Carolina governor’s office from Democrats to take control of 30 U.S. statehouses, the most in more than a decade.
The Board of Directors of The Goldman Sachs has announced the appointment of Mark Edward Tucker as an independent director of the firm, effective immediately.
'He walked out the door the next day and never came back', said one person familiar with the situation.
Colm Kelleher, who will take over as sole head of Morgan Stanley’s (MS) investment bank as his counterpart and past rival Paul J. Taubman exits, now faces the challenge of improving returns at the firm’s biggest business.
HSBC is staying in the UK – at least until 2015.
The longest weather-related shutdown of U.S. stock trading since 1888 ended October 31st without incident, while underscoring how vulnerable the world’s biggest financial market remains to disasters.
General Electric is exploring a move from its Connecticut headquarters after it objected to tax aspects of the state's recently passed budget.
A California day trader and three pals thought they had dreamed up the perfect easy money scam.
JPMorgan won a round in a long-running dispute with the Federal Deposit Insurance, avoiding some the the liabilities tied to its 2008 takeover of Washington Mutual’s banking operations.