Michael Platt, who runs the $8bn BlueCrest Capital Management, will return all client money and instead focus on managing his own wealth and that of his partners and employees.
The bribes were sometimes delivered as cash-stuffed envelopes to the Citigroup executive.
Barclays faces a higher than expected bill to recruit Jes Staley, who began his job as the bank’s chief executive on Tuesday.
Billionaire, social network founder and, once upon a time, everyone’s unsolicited friend on Facebook, Mark Zuckerberg added two more titles to his name on Tuesday.
Royal Bank of Scotland CEO Ross McEwan said the bank probably won’t report a profit in the fourth quarter, citing weak earnings trends in the previous three-month period.
The judge who sentenced Tom Hayes to 14 years in jail for conspiracy to rig Libor interest rates blocked the defence from presenting key evidence about a banking industry that routinely flouted rules, his lawyer told an appeals court on Tuesday.
Ryanair has launched legal action against Google to attempt to force the internet search giant to stop promoting allegedly “misleading and deceptive” ads for another website selling Ryanair flights.
The good news: A turbulent year for emerging markets (EM) that saw assets from Jakarta to Johannesburg get walloped is coming to an end.
Here's 36 luxurious ways to spend your 2015 bonus (if you're lucky enough to get a big enough one).
The Brexit vote is a setback for the government’s attempts to sell off its stake in Royal Bank of Scotland, the chief executive of the bailed-out bank said on Monday.
Sterling tumbled to a 31-year low against the dollar and oil dropped below $50 a barrel as concerns deepened over the impact of Brexit on the UK economy.
A fired Citigroup currency trader, who claimed his bosses made him a scapegoat for the foreign exchange market-manipulation scandal, said he won a ruling that he was unfairly dismissed.