Bank of America’s decision to fight government allegations that it defrauded Fannie Mae and Freddie Mac paid off as a federal appeals court threw out a judgment of almost $1.3bn against the bank.
Singapore's regulators have shut down a private bank implicated in investigations of Malaysia's troubled development fund 1MDB, with prosecutors in the city-state and Switzerland weighing criminal charges.
Goldman Sachs merely had a walk-on role in the great BHS sale giveaway, but Sir Philip Green should have listened more closely to Anthony Gutman, his old mucker from the investment bank.
Kleiner Perkins has been in the news for unflattering reasons, but investors are still pouring close to $1.3 billion into two new funds.
Insurer AXA plans to divest €1.8bn (£1.4bn) of tobacco investments and called upon rivals to do the same, citing the industry’s “tragic” impact on public health.
While banking is a lucrative career, all banks are not equal.
Is it that big an 'if' ?
Jefferies Group has eliminated 17 positions on its equities trading desk last week after revenue fell in the first quarter, people with knowledge of the matter said.
Some of the firm's leaders share their top advice for young professionals and recent grads.
Carlyle Group’s top credit and hedge-fund executive, Mitch Petrick, will leave the alternative-asset manager after several funds in his unit posted losses even as assets expanded.
The European Central Bank has left interest rates in the eurozone unchanged, but kept the door open for more cuts in the months ahead and renewed calls to politicians to do more to support the bloc’s economic recovery.
A Deutsche Bank executive is suing the bank for unfair dismissal after being placed on leave as the bank battled civil lawsuits over alleged improper selling of derivatives.
The Virgin Group founder's favorite quote, from singer-songwriter John Lennon, could explain his incredible success.