An alleged lapse in risk controls on a series of trades said to be worth hundreds of millions of dollars.
Banking 'outcasts' fight back.
In play ?
A former trader at UBS asked a broker at RP Martin Holdings for help moving Libor because he’d 'heard you knew magic'.
Sanford I. Weill, a Wall Street billionaire, and his wife, Joan, have decided not to donate $20m to a struggling northern New York college after a judge ruled that it could not be renamed for Mrs. Weill, college officials said on Thursday.
Twelve months have passed since the nerve-shredding "flash crash" in US Treasurys and the financial industry is pushing though initiatives aimed at improving stability and liquidity in global fixed income markets.
'Accelerating the next phase of our transformation program to create cost efficiencies'.
Credit Suisse, the bank that unveiled a major shift in strategy last week to focus on wealth management over investment banking, plans to make acquisitions and invest about $400m in Switzerland in the next few years, CEO Tidjane Thiam and Chairman Urs Rohner said in interviews with local media.
Applications are now open for Bank of America Merrill Lynch’s (BofAML) fifth annual UK Returning Talent programme, which aims to help bridge the gap between being a stay-at-home parent or carer and re-entering the workplace.
Royal Bank of Scotland has cut 2,700 jobs - around a 5% of its UK workforce - in the past four months as the bailed-out bank attempts to cut costs in its attempts to return to the private sector.
Hong Kong has been named the world’s most expensive city for expats as concerns over a possible UK exit from the EU contribute to London dropping from 12th to 17th, according to an annual survey.