'The digital bridges you burn, you burn forever'.
A Goldman Sachs employee hired to develop surveillance systems to detect illegal behaviour was sued by the SEC for allegedly helping himself to inside information and trading on it.
The former chairman of China’s Founder Securities and its joint venture with Credit Suisse was released a few months ago from police custody after going missing in January, said a person with knowledge of the matter.
Deutsche Bank appointed Berthold Fuerst and Richard Sheppard co-heads of mergers and acquisitions for Europe, Middle East and Africa, according to an internal memo.
China's biggest brokerage, Citic Securities, had overstated its derivative business by $166bn from April to September, according to the country's securities association.
Deutsche Bank’s Swiss unit agreed to pay $31m to receive a non-prosecution agreement in a U.S. probe of banks in Switzerland that helped Americans evade taxes.
Bank of England policymakers may need to take action to prevent a risky consumer borrowing binge as the economy recovers, the bank’s chief economist has warned.
The key measure of the US economy was revised from bleh to meh on Tuesday as businesses restocked goods at a stronger pace than first thought, adding to the likelihood of an historic US rate rise next month.
“I have no idea why I was offered a contract with a bonus in it because I promise you I will not work any harder or any less hard in any year, in any day, because someone is going to pay me more or less.”
European banks are sitting on bad debts of €1tn – the equivalent to the GDP of Spain – which is holding back their profitability and ability to lend to high street customers and businesses.
Morgan Stanley said an Italian prosecutor may seek as much as $3.21bn over allegations that derivatives the investment bank sold more than a decade ago were improper and unfairly unwound.
Wealth management firm Baird said Glen Clarke has joined its global investment banking business as a managing director in its global consumer team.
JPMorgan will use a computerized trading firm’s technology to access and trade in the U.S. Treasury market, marking a further step in the transformation of markets by electronic specialists.