A group of victims who lost family or were injured in two US embassy bombings in Africa are suing BNP Paribas for $2.4bn, alleging the bank helped finance the terrorist attacks by doing business with blacklisted nations.
Jes Staley, the newly appointed chief executive of Barclays, has spent £6.4m buying shares in the bank.
The Bank of England has sent a reassuring message to businesses and households that interest rates are to remain at their record low well into next year as it cut its forecast for near-term inflation.
Nomura has hired Michael Caperonis, the head of Citigroup’s equities trading for the Americas, for a broader leadership role in the Japanese bank’s securities division, according to a person with knowledge of the matter.
A former staffer at the Federal Reserve Bank of New York pleaded guilty to stealing confidential government documents and giving them to his former boss, then a junior banker at Goldman Sachs.
Chris Rokos, a star money maker at his former employer Brevan Howard Asset Management, raised more than $500m from Blackstone Group for his new hedge fund firm, according to two people familiar with the transaction.
Kraft Heinz announced Wednesday that it would be closing seven factories and cutting about 2,600 jobs.
The Securities and Exchange Commission has announced a whistleblower award totalling more than $325,000 for a former investment firm employee who tipped the agency with specific information that enabled enforcement staff to open an investigation and uncover the extent of the fraudulent activity.
French bank Societe Generale enjoyed the benefits of a sharp increase in its retail banking business and what its chief saw as a "moderate" improvement in economies as it recorded a 27 percent increase in third-quarter group net profit to 1.126 billion euros ($1.2 billion).
This is what is different from 2008, former Lehman CFO Erin Callan Montella says.
It's a crazy day to be a trader! NYSE floor trader Kenny Polcari asks, "How could I have so misjudged the mood and the market psyche?"
Bullish positions in gold and volatility and short bets on China and emerging markets were some of the trades that benefited hedge funds on Friday.