A former Tullett Prebon broker accused of helping Tom Hayes rig Libor said he told the former UBS trader he’d help him manipulate the rate to get him off his back, but never actually followed through with it.
Humans in the workplace could go the way of the horse-and-buggy, because of the "exponential growth of artificial intelligence," investor Jeff Greene tells CNBC.
Bank of America has announced that David G. Leitch will succeed Gary G. Lynch as global general counsel beginning January 1.
Deutsche Bank has announced that Alasdair Warren will join the bank as Head of Corporate & Investment Banking (CIB) in Europe, Middle East and Africa (EMEA), effective spring 2016.
Former Societe Generale traders led by Jong Beum Kim plan to start a new hedge fund that will employ several strategies seeking to profit from volatility in Asian markets and exploiting mispricing of related securities, according to people with knowledge of the matter.
Even though ICAP is selling a division at the heart of a trading scandal, it’s retaining any future legal liability, according to a person familiar with the matter.
An ex-Deutsche Bank trader seeking a $7.6m bonus should have his 'hopeless' case thrown out before it gets to trial, lawyers for the bank said.
Royal Bank of Scotland may have to deepen cost cuts at its investment bank to boost profitability, said analysts at Citigroup and Jefferies International.
I wanted to write a book about bankers because finance seems to have replaced politics, with democracy beginning to feel like a system that allows voters to decide which politician gets to implement what “the markets” dictate.
Tullett Prebon has said it will acquire Icap’s global interdealer broking business for £1.1bn in an attempt to combat falling profits in a sector struggling from shrinking trading volumes.
Another week, another big tech deal where Wall Street's top institutions didn't get a piece of the action.
Bank of America said its businesses and results could be adversely affected and it may have to incur additional costs if Britain's exit from the European Union limits the ability of its UK entities to conduct business in the bloc.