George Osborne has received a new warning about the potential impact of his new tax on banks amid concerns it will impede new entrants to the sector.
Sad to report.
A Citigroup trader fired amid a global probe into foreign-exchange rigging alleged that improper conduct was endemic in the bank’s currency-trading activities, ranging from front-running to disclosing client orders to competitors in a bid to boost the company’s own positions.
Five senior investment bankers are leaving Credit Suisse in Asia, people familiar with the matter said, amid moves by CEO Tidjane Thiam to shift the bank’s focus to managing money for the wealthy.
Al-Qaeda called for lone wolf-style attacks on several prominent U.S. business and economic figures on Wednesday.
2015 has been a boom year for mergers and acquisitions (M&A), as companies around the world seek to expand and diversify at a time when the global economy looks reasonably healthy.
Credit Agricole is poised to pay as much as $1bn to U.S. regulators to settle allegations that it violated U.S. sanctions aimed at Iran and Sudan, according to a person briefed on the matter.
A New York regulator has joined a federal probe of banks that serve as primary dealers in the $12.8tril U.S. Treasuries market in an effort to determine whether traders colluded.
Global rules for foreign exchange traders will make it easier for the authorities to root out the bad apples in the market, central bankers have said, as they seek to clean up the industry in the wake of a series of scandals.
Taxi drivers have staged rallies in Melbourne and Sydney demanding state governments outlaw the ride-sharing service UberX.
The first quarter of the year has seen the highest value of mergers and acquisitions involving UK firms since the financial crisis, owing to two big takeovers.
KCG Holdings, the high-frequency trading firm that nearly imploded almost four years ago, is losing three high-profile executives to investment bank Cantor Fitzgerald, The New York Post has learned.
Citigroup’s share price could double in the next four years as the lender simplifies its businesses and returns more capital to shareholders, Portales Partners analyst Charles Peabody said.