'We decided that an extortionate settlement would have insulted our people and our culture'.
An Idaho ranch owned by ex-Lehman CEO Dick Fuld sold for more than $20 million Thursday, becoming the most expensive property ever sold at auction.
He was on the trading floor for 55 years.
Swiss banks led by Credit Suisse are stepping up operations in Luxembourg, using the rival market as a gateway to clients in the 28-nation European Union.
HSBC has shot to second rank among banks advising Asian firms on merger deals, its highest ever, due to ties to one man: Hong Kong tycoon and the region's richest man, Li Ka-shing.
Much has been written about the hours lost to meetings. But new ideas may actually make meetings more productive, if not more popular.
Hedge fund billionaire Ken Griffin has purchased several floors of a new condo tower in Manhattan for around $200 million, in what is believed to be the most expensive single residential real estate deal in U.S. history.
Paul Frankfurt, head of block trades for Bank of America in Europe, the Middle East and Africa, has left the firm to join investment advisory services business Anoa Capital S.A.
Standard Chartered is working with an executive search firm to find an external candidate to replace Mark Dowie to head its corporate and institutional business as part of Chief Executive Officer Bill Winter’s management overhaul, according to a person with knowledge of the matter.
Bank of America probably will report a 5% drop in third-quarter trading revenue amid volatile markets, CEO Brian Moynihan said.
A fired HSBC equity derivatives trader who sued the bank for $2.6m was awarded just $63,400 in a French lawsuit over his dismissal for sending client data to his personal Yahoo! e-mail address.
Seven former Deutsche Bank managers were convicted by a German court of participating in a conspiracy to cheat on value-added tax refunds for carbon-emissions trading.
Daiwa Securities, a Japanese brokerage with operations in the U.K., would have to set up a business in the European Union that replicates or replaces some functions in London if Britain votes to leave the bloc, according to a memo to employees.