Commerzbank has won the chance to appeal a U.K. court ruling forcing it to pay about $64m in bonuses to 104 Dresdner Kleinwort bankers.
Citigroup received requests for information from the Monetary Authority of Singapore related to probes into the rigging of key benchmarks used to set loan rates.
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.
Deutsche Bank's co-CEOs may have handed in their resignations, but challenges remain for the new head of the company.
Just a few years ago, HSBC 's status as a banking behemoth seemed unshakable. It appeared to have navigated the global banking crisis with relative aplomb.
Jonathan Webb, head of foreign-exchange strategy at Jefferies Group, has left the firm, according to a person with direct knowledge of the matter.