German financial watchdog Bafin praised improvements at Deutsche Bank under chief executive John Cryan on Tuesday but a source close to the regulator said it was looking into money-laundering allegations involving bank clients in Russia.
There is a time of reckoning coming for Silicon Valley start-ups that will result in layoffs and consolidations, tech investor Chris Sacca says.
A former Citigroup trader in Japan who was fired for allegedly trying to manipulate foreign-exchange rates in violation of internal policy told a Tokyo court he was made a scapegoat and his actions were condoned by his employer, echoing claims made by several ex-Citigroup employees in courts in other parts of the world.
Blackstone is hiring a former top enforcement attorney at the U.S. Securities and Exchange Commission, months after the world’s biggest alternative-asset manager agreed to its first SEC penalty, two people with knowledge of the move said.
A hard year for Wall Street is still a solid year for its biggest charity gala.
JPMorgan won a judge’s approval to pay $150m to settle investor claims that it hid as much as $6.2m in losses caused by a trade dubbed the London Whale.
Not bad for 12 months work.
"The execution of the cost-cutting program is going well. We gave a (headcount reduction) target of 6,000 for 2016 and we've done 3500 so we are 58% into our program at the end of April."
The pound would plunge 20% immediately after a Brexit vote in June, according to a leading economic thinktank.
Ireland may have to revise its annual GDP figures for the past decade following the European commission’s ruling that the majority of Apple’s overseas profits should have been taxable in the Republic.
Police investigating the death of banker Oliver Dearlove have arrested a man on suspicion of murder.
Troubled Italian lender Monte dei Paschi received much needed positive news Thursday after Milan prosecutors filed a request to shelve an investigation into alleged market manipulation and false accounting by its chief exec and former chairman.