Citigroup has hired Kris Van Broekhoven from Deutsche Bank as global head of a new commodity-trade-financing unit.
Christos Bagios, the former banker at UBS and Credit Suisse who was arrested in January 2011 amid a crackdown on offshore tax evasion, may not leaveFlorida to visit Switzerland and Greece, a U.S. judge ruled.
The U.S. economy may not be recovering as fast as President Obama likes, but at least he can make one claim: The stock market has done better under his watch than with any other recent president.
Hedge funds wrapped up another lackluster month in August by substantially underperforming the stock market, and investors are showing signs that their patience is wearing thin.
The Securities and Exchange Commission has announced that New York-based investment advisory firm ICP Asset Management and its founder and president Thomas C. Priore have agreed to settle the agency’s charges that they defrauded several collateralized debt obligations (CDOs) they managed.
Shaken and stirred.
Nomura’s largest securities firm, may buy an Asian investment bank or broker to tap the region’s economic growth and increasing number of affluent people, Chief Executive Officer Koji Nagai said.
Antony Jenkins, the new Chief Executive of Barclays, is to announce a shake-up of the business early next year which will shrink the investment banking division and bankers’ paydays.
Royal Bank of Scotland is in talks with the U.K.’s Financial Services Authority to settle accusations that some of its employees conspired to manipulate Libor interest rates, a person familiar with the matter said.
By Guest Columnist William Frierson
Citigroup said it may plead guilty amid a US Department of Justice probe into its foreign exchange business.
Goldman Sachs must repay $80m with interest that National Australia Bank invested in a mortgage security before the financial crisis, a Financial Industry Regulatory Authority arbitration panel said.
Nomura and Royal Bank of Scotland may face $500m in damages for what a judge called an 'enormous' deception in the sale of defective mortgage-backed securities, a ruling that may spur other banks to settle similar claims tied to the 2008 financial crisis.