Wells Fargo agreed to pay $1.2bn to resolve claims related to its Federal Housing Administration mortgage practices.
The chairman of the Treasury committee has stepped up the pressure on the accounting watchdog over its examination of KPMG’s auditing of the failed bank HBOS.
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Barclays will dismiss about 150 staff in Dubai as it restructures its Middle East corporate banking business, a person with knowledge of the matter said.
Credit Suisse’s shareholders are seeing from rival UBS that pursuing a steadier business model may not result in stable profit.
Two former Julius Baer private bankers pleaded not guilty on Tuesday to U.S. charges that they conspired to help U.S. taxpayers hide more than $600m in offshore accounts and evade paying taxes.
Citigroup will pay $23m to end private U.S. antitrust litigation claiming that it conspired to manipulate the yen Libor and Euroyen Tibor benchmark interest rates.
Morgan Stanley will pay $63m to settle a series of government lawsuits claiming the bank misrepresented securities it sold to banks that later failed, the Federal Deposit Insurance said in a statement Tuesday.
Megadeals will probably be replaced by a rising number of smaller acquisitions in 2016 as growing cash reserves keep last year’s record-breaking takeover momentum going, according to JPMorgan.
KKR & Co., one of the biggest private equity investors in Asia, is losing two senior executives who helped build its China business in the past decade.
Moody's is raising the red flag on the Chinese banking sector as small and mid-size banks increasingly rely on wholesale funding to aid rapid asset growth.
UBS is eliminating about 15 jobs at its investment bank and corporate centre in Paris, according to a person with knowledge of the matter.