HSBC, which has threatened to move its headquarters out of the UK amid concerns over excessive tax, is eyeing the US as a serious alternative to its traditional home of Hong Kong, according to reports.
The U.S. dropped insider-trading charges against Michael Steinberg, a former fund manager at SAC Capital Advisors who was convicted by a federal jury, in the latest fallout from a major appeals court ruling that made such prosecutions more difficult.
Barclays Chairman John McFarlane said some observers of the lender have 'jumped to conclusions' about the firm’s strategy if former senior JPMorgan banker Jes Staley becomes chief executive officer.
Credit Suisse no longer wants to act as a market maker for European government bonds, the bank said.
A former trader in Rabobank's Tokyo office testified on Thursday against two former colleagues, citing a 'culture' among the bank's traders of manipulating Libor to benefit their own trading positions.
The U.S. request to extradite London-based trader Navinder Sarao, accused of helping to spark the 2010 Wall Street 'flash crash', is 'false and misleading' because it misrepresented the way markets work, his lawyer said on Thursday.
From time to time, it's especially good to be Jeff Bezos.
If they could do it all over again, almost a third of traders and investment bankers in their prime would pick a different profession.
After Caterpillar posts an earnings miss, CEO Doug Oberhelman said "Our day will come, but it's not right now."