Tom Hayes has instructed solicitor Karen Todner to lead the next stage in his appeal, it was announced today, as he turns to crowdfunding to raise his legal fees.
Barclays should have given its traders more training on Libor and tighter rules on their communications, a senior executive at the bank told the trial of five former bankers charged with manipulating the benchmark.
UBS was downgraded at Morgan Stanley after the bank’s lower-than-expected first-quarter earnings muted the outlook for dividends.
CVC Capital Partners, the biggest European buyout firm, has hired HSBC’s most senior Southeast Asia dealmaker Alvin Lim, people with knowledge of the matter said.
David Hunt, chief executive officer of Prudential Financial’s $1tril asset manager, said the search for 10% returns can be dangerous for investors.
HSBC Private Bank is appealing a $78m fine imposed by Hong Kong’s securities regulator in connection with its sales of structured products including Lehman Brothers -related notes between 2003 and 2008.
Credit Suisse will take another around $100m writedown as part of the sale of assets in its distressed credit portfolio to U.S. investment firm TPG's TSSP, with most of the charge reflected in the bank's first-quarter results.
Seven of the world's biggest banks have agreed to pay $324m to settle a private U.S. lawsuit accusing them of rigging an interest rate benchmark used in the $553tril derivatives market.
Societe Generale pledged to cut costs this year and sought to reassure investors it was confident about its 2016 outlook, although its deputy chief executive warned that the industry would never return to its pre-crisis boom.
Beset by market volatility, crowded into similar strategies and bogged down by huge piles of investment capital, hedge funds are struggling this year.
London’s traditional elite, such as lawyers, architects and academics, are being pushed out of their enclaves in Mayfair, Chelsea and Hampstead by an influx of global super rich investors, causing a chain reaction of gentrification across the capital, according to research by the London School of Economics.
Wal-Mart is eliminating 7,000 positions in its back offices across the U.S., the company confirmed Thursday.
Some banks have announced sweeping cuts to their fixed-income units in recent years in the face of shrinking profits.