The U.S. Securities and Exchange Commission was allowed to pursue a lawsuit against two former brokers who sought to upend how the regulator battles insider trading. But the victory may be short-lived.
The European Central Bank is stepping up supervision of euro area banks with plans to recruit about 230 people for its regulatory arm, an increase of about 25%, according to a person with knowledge of the matter.
Former RBS CEO Fred Goodwin has been told to cut down an 20ft hedge at his Scottish mansion that has 'overpowered' his neighbours' gardens.
Activists have occupied part of the British Museum, as part of a day of demonstrations against sponsorship of Britain’s cultural institutions by BP.
Citigroup has promoted James von Moltke to treasurer, filling a job left vacant earlier this year when Eric Aboaf left to become Citizens Financial Group’s chief financial officer.
Citigroup sent details of its central bank customers' trading activity to another client and handed out details of its foreign exchange order book to customers in electronic chatrooms, a former foreign exchange trader said in a witness statement to a London court on Thursday.
Three former Nomura traders are set to go to trial in November on charges that they defrauded investors by inflating the prices of mortgage-backed securities in the wake of the U.S. financial crisis, even as prosecutors wait to find out if a similar case will be thrown out on appeal.
Cross-Border M&A activity totals $1.04 trillion, up 24% compared to YTD 2014 levels
Nomura has declared a Trump presidency a major market risk, predicting turbulence ahead if the presumptive Republican nominee takes up residence in the White House.
The memo landed on a Sunday in November. It was 2007, and securities backed by subprime mortgages were roiling markets and imperiling banks. Merrill Lynch CEO Stan O’Neal had just resigned under pressure, and Citigroup CEO Chuck Prince was rumored to be on his way out.
More senior staff are expected to be on hand during the night.