A former Morgan Stanley financial adviser who stole client data that he called 'the world’s best cold-calling list' for his job search deserves a prison sentence for his crime, prosecutors said.
A former Citigroup trader fired over claims she and a colleague colluded to rig the currency market sued the bank in Singapore for wrongful dismissal.
Movie buffs will soon get to know the name Michael Burry from his portrayal by Christian Bale in "The Big Short," based on the best-selling book by Michael Lewis.
A billionaire tycoon known as China’s Warren Buffett has gone missing, prompting speculation he has been ensnared by president Xi Jinping’s anti-corruption campaign and causing shares in the Hong Kong-listed subsidiary of his company to be suspended.
JPMorgan Chase is close to settling cases that threatened to bar the bank from raising money for hedge funds and technology startups, ending U.S. regulators’ investigations into whether the bank improperly sold some clients in-house investments that carried high fees, according to a person familiar with the negotiations.
American International Group announces that four of its top 15 executives will be leaving the company as part of a management restructuring.
Lloyds Banking Group hopes to be able to save about £1bn in interest payments over five years by buying back bonds it issued shortly after the financial crisis.
The Bank of England (BoE) left interest rates and its asset purchase target unchanged on Thursday, as an improving economy continues to add to speculation that a rate hike could be around the corner..
Morgan Stanley this week cut staff covering short-term credit and regional broker-dealers, after a quarter in which the bank posted a 42% drop in bond trading, several sources told Reuters.
Rabobank Group will eliminate 9,000 more jobs over the next three years, the Dutch bank said as it announced a strategic overhaul that includes a revamp of its century-old cooperative structure.
In a surprise move, B. Kevin Turner, Microsoft's COO, is joining hedge fund company Citadel to run its technology-heavy market-making unit.
Legal & General Investment Management (LGIM), the insurance arm of Legal & General, has announced that it has cut the value of its £2.3 billion U.K. property fund by a further 10 percent. The company had earlier made a 5 percent valuation cut as a cautious move in the current market environment.
A former Rabobank Groep trader arrested last year in Australia will plead guilty to U.S. charges that he schemed to manipulate benchmark interest rates, his lawyer said.