BNP Paribas and its partners in a Scottish energy loan are staring at a loss of $172m after entrepreneur Ian Suttie’s venture went bankrupt, illustrating the wreckage banks are likely to face from the oil bust.
Deutsche Bank Supervisory Board Chairman Paul Achleitner and Urs Rohner, chairman of the board at Credit Suisse, used interviews with German and Swiss media to reject speculation that they have come under fire as the banks’ stocks trade near two-and-a-half decade lows.
A Societe Generale analyst has predicted the US economy is about to be “swept away by a tidal wave of corporate default”.
But much of the investment JPMorgan is making in sales and trading is in technology.
Here's a list of 9 of unpleasant things that happen to bankers at work.
Citigroup’s board changed the way the bank calculates performance pay for executives after receiving some complaints. The largest proxy advisers weren’t swayed.
One of five former Barclays traders accused of rigging benchmark interest rates extended an open invitation to his bar on a Greek island and offered a glowing mention in his memoirs in exchange for help keeping Libor where he wanted it, U.K. fraud prosecutors said at a London trial.
Societe Generale's calculation “mistake” won the bank a $248 million windfall after European Union antitrust regulators slashed its half-billion dollar penalty for rigging benchmark interest rates.
David Tepper's gain is New Jersey's loss.
Victor Dodig’s overhaul of Canadian Imperial Bank of Commerce is paying off.
Credit Suisse is accusing a group of five investment bankers who left for Jefferies Group in May of stealing confidential information and trying to coax former colleagues to join them.
Goldman Sachs filed a lawsuit on Thursday seeking to force a former managing director to arbitrate his claim for legal fees stemming from probes into his alleged use of confidential Federal Reserve documents.
Deutsche Bank is facing sanctions after the U.S. Commodity Futures Trading Commission said the company violated multiple swap data reporting rules because of a system outage and had inadequate business continuity and disaster recovery plans.