The controversial head of JP Morgan, Jamie Dimon, is no stranger to colourful language. In his latest outburst, he may have surpassed himself, describing the political atmosphere in relation to banking regulation as reminiscent of the Soviet Union and protesting that the United States is a 'free fucking country'.
Tracey McDermott is talking tough. As the new head of enforcement and financial crime at the Financial Services Authority (FSA), the 42-year-old is making clear that when taking on the biggest names in the City there will be no tolerance for those who play fast and loose with the rules.
'This is a good time to be reforming pay'.
Facebook’s stock plunge has robbed Goldman Sachs and Microsoft of much of the potential gain they could unlock as soon as this week, when a ban on sales of insiders’ shares begins to lift.
Standard Chartered, the British bank facing explosive money laundering allegations from New York State's top bank regulator, appears to have been burned by a decision to waive attorney-client privilege, a move that usually helps appease U.S. authorities.
Barclays and UBS are charging two Italian insurers twice the average fee to manage $1.5bn of stock sales as they seek to insulate themselves from potential losses on the offerings.
Little more than a year before he was criticized for breaking ranks with regulators for being the first to accuse Standard Chartered of laundering Iranian money, Benjamin Lawsky, New York’s top banking official, was insisting on his own brand of justice at a charity carnival game.
A former JPMorgan banker told jurors at a bid-rigging trial about a dinner meeting at a Manhattan restaurant where municipal derivatives executives from his firm and UBS agreed not to compete with one another.
We said it weeks ago - RBS CEO Stephen Hester is a perfect fit for Barclays. And now even the bank's investors agree.
The U.S. Justice Department's decision not to prosecute Goldman Sachs for its subprime mortgage trades resulted from either 'weak laws or weak enforcement', the senator who asked for a criminal investigation of the firm said on Friday.
More than seven years after the global financial collapse, regulators and investors are still working through an epic pile of lawsuits and other civil actions, collecting settlements, fines and other penalties for a long list of wrongdoing.
The German government has blocked a plan by Commerzbank to pay bonuses to its top staff worth double their basic salary.
The City watchdog is scrutinising a series of complaints over manipulation of a key contract used to price savings products and mortgages.