The European Central Bank will be allowed to keep private files showing how Greece used derivatives to hide its debt after defeating the first court challenge using the bloc’s freedom of information rules.
Knight Capital Group capped its biggest rally in nine years after getting takeover offers from Getco LLC and Virtu Financial LLC, setting up a bidding war that may end its 17-year history as an independent company.
The possibility of breaking up banks into investment and commercial or retail operations appears to be gaining renewed interest in some quarters – with Mark Carney’s appointment as Governor designate of the Bank of England adding to the enthusiasm for this idea.
The U.S. Environmental Protection Agency (EPA) has announced that it has temporarily suspended BP Exploration and Production, Inc., BP PLC and named affiliated companies (BP) from new contracts with the federal government.
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The 2012 Here Is The City 'Firm of the Year' is....
Morgan Stanley CEO James Gorman has called on the investment bank’s employees to pressure U.S. lawmakers into reaching an agreement that averts the so-called fiscal cliff.
Bank of America directors’ $20m settlement of investor lawsuits over the purchase of Merrill Lynch is inadequate given the billions of dollars of harm the deal caused, objectors to the accord said.
SAC Capital, the hedge fund embroiled in an insider-trading investigation, is facing possible civil charges from federal regulators, according to someone briefed on a conference call with investors Wednesday.
Getco LLC on Wednesday made an offer to acquire Knight Capital Group for $3.50 a share in cash and stock, four months after a massive trading-technology glitch cost the trading firm nearly half a billion dollars.
Deutsche Bank has disputed allegations by Germany's financial watchdog, sources close to the firm said, in its official response to a preliminary report into interest rate manipulation which threatens sanctions against the bank and individuals.
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Tom Hayes, the first trader to stand trial for rigging Libor, said his efforts to influence the rate over four years were ultimately unsuccessful.