UBS has had its credit ratings put under review for possible downgrade by rating agency Moody’s Investors Service.
Hmmm. Here's an interesting one.
New York - Morgan Stanley has announced that John J. Mack will step down as Chairman and leave the Board as expected at the end of 2011.
Richard Bove, an analyst at Rochdale Securities, talks about UBS AG's $2 billion loss from unauthorized trading at its investment bank.
Macquarie triumphed over a host of its City rivals to win the fifth annual Bloomberg Square Mile Relay – the largest relay race of its type ever held in the UK.
The Financial Times and Goldman Sachs have announced the shortlist for the seventh annual Financial Times and Goldman Sachs Business Book of the Year Award, which aims to identify the book providing the most compelling and enjoyable insight into modern business issues.
Rogue traders weren't mentioned by Sir John Vickers when he recommended on Monday that retail banks should be separated from investment banks via a ringfence.
The future that beckoned for Kweku Adoboli was glittering even by City standards.
The Financial Times has reported that the 31-year-old trader arrested in London early this morning in connection with the alleged $2bn UBS rogue trading loss is one Kewku Adoboli.
TSB has agreed a £1.7bn takeover by Spain’s Banco de Sabadell, with Lloyds Banking Group selling its 50% stake in the UK bank.
Bank Of New York Mellon reached a settlement over fraudulent foreign exchange practices, agreeing to pay $714 million to resolve the cases.
A former City trader was sentenced to 19 months in prison on Thursday for his part in an insider trading scam involving multiple mobile phones, clandestine meetings in City pubs and payment for a luxury car and holiday.