A Senate investigations subcommittee has questioned more than 80 people in its ongoing probe of $5.8bn in trading losses at J.P. Morgan Chase earlier this year, two people familiar with the investigation told FOX Business.
One of the hedge funds run by John Paulson, whose prescient bets were chronicled in 'The Greatest Trade Ever', is on track to be the second worst performer of 2012 among the universe of funds tracked by HSBC.
Level Global Investors LP co-founder David Ganek was described by a prosecutor as a co-conspirator in an insider-trading scheme that involved his fellow company co- founder Anthony Chiasson.
In homage to the #Royalbaby, here are some names we stumbled across to give the Duke and Duchess of Cambridge a helping hand…
Former New York Mets outfielder Lenny Dykstra received a six and a half-month prison sentence for looting valuables worth hundreds of thousands of dollars from his mansion after he had filed for bankruptcy.
Domestic merger and acquisition activity involving UK companies fell to its lowest level in 20 years in the third quarter of 2012 as risk-averse companies shied away from doing deals.
Global banks, forced by regulators to reduce their dependence on profits from high-risk trading, have rediscovered the appeal of the mundane business of managing money for clients.
Rogue trader Kweku Adoboli was not put under too much pressure to deliver profits, his former manager at UBS has told the BBC.
Barclays has raised the subject of Uganda’s pending Anti-Homosexuality Bill with the country’s government, after coming under pressure from the online social activist group Change.org.
Where will the new leaders of Europe’s top securities firms scale back to increase returns ? If the second quarter is any guide, their bond-trading operations could bear the brunt.
Goldman Sachs is upgrading its Sigma X dark pool, winding down a retail market-making operation and hiring an executive for Europe as the bank overhauls its equity electronic-execution business.
The former chief operating officer of Barclays is setting up his own investment firm, three years after the Libor scandal prompted his resignation from the bank.