Citigroup has appointed Usman Ahmed as the chief executive of its Bahrain business as well as its Islamic investment banking division, the said on Tuesday.
The ex-head of trading at Deutsche Bank's Russian operation, Tim Wiswell, has filed a suit against his former employer for wrongful dismissal, his lawyer said on Wednesday.
August was the cruellest month for hedge funds, which suffered their steepest losses since the financial crisis, according to new figures.
The Bank of England's rate-setting committee voted 8-1 to keep interest rates at their record low for another month in October, as a rate rise before mid-2016 looks increasingly less likely.
BlackRock, the world’s biggest money manager, is proposing changes that would enable large, longtime shareholders in the company to nominate their own directors.
JPMorgan says its felony plea for market rigging shouldn’t bar it from owning part of LightSquared, a satellite company emerging from bankruptcy and trying again to set up a mobile broadband service.
The Securities and Exchange Commission has announced that three private equity fund advisers within The Blackstone Group have agreed to pay nearly $39m to settle charges that they failed to fully inform investors about benefits that the advisers obtained from accelerated monitoring fees and discounts on legal fees.
Potential investors in companies hoping to raise funds on European markets through stock market flotations have been “spooked” by fears over slowing growth in China, according to PwC, one of the largest professional services firms in the world.
Michael Horn, president and CEO of Volkswagen (VW) Group of America, will confirm he knew of the company’s emission rigging issues as early as spring 2014, according to a statement released ahead of a congressional inquiry on Thursday.
Turmoil at Glencore could have repercussions for the banking sector, according to leading City analysts who are expecting the big lenders to provide information about their exposure to commodity firms in the coming weeks.
Credit Suisse said an internal investigation has found no evidence that a former banker, Sérgio Firmeza Machado, used his position at the bank to help his father funnel illicit campaign donations to Brazilian politicians as part of a sweeping corruption scandal.
A former Goldman Sachs banker who pleaded guilty to receiving documents that had been misappropriated from the Federal Reserve Bank of New York has been banned from the financial industry.
HSBC has reached a settlement with shareholders after a dispute over its acquisition of Household International, back in 2003.