While a lot of investors were hitting the panic button Monday, a Japanese day trader who’d made a big bet against the market timed the bottom almost perfectly and narrated a play-by-play of the trade to his 40,000 Twitter followers. He claims to have walked away with $34m.
Citic Securities fell after a magazine reported that three members of the executive committee of China’s biggest brokerage had been asked to assist police investigating suspected securities trading violations.
The U.S. Treasury on Thursday said it had reached an agreement with UBS for the bank to pay a $1.7m settlement for 'apparent violations' to U.S. sanctions.
Goldman Sachs will increase its presence in Poland in an effort to expand technology services across the globe.
Three global banks are in danger of losing their ability to manage pension funds in the U.S., as the Department of Labor wrestles with how to hold financial institutions accountable for criminal misconduct.
Withdrawn M&A activity totals $335.7 billion, up 53% compared to YTD 2014 levels
Total, one of the biggest energy firms operating in the North Sea, has sold off $900m (£585m) of UK gas interests to cut costs, amid the continuing collapse of oil prices.
Current and former Deutsche Bank staff have been questioned by the Serious Fraud Office in recent weeks in relation to the investigation into Libor rate-rigging.
UBS has hired Laurent Dhome from JPMorgan as managing director at the bank’s financial sponsors team in Europe, the Middle East and Africa.
BMO Financial Group have announced it has entered into a definitive agreement to acquire the business of Greene Holcomb Fisher (“GHF”), a premier boutique M&A advisory firm based in Minneapolis, with additional offices in Seattle and Atlanta. The transaction requires regulatory approval and is expected to close in BMO’s fiscal fourth quarter, which ends on October 31. The terms of the deal are not being disclosed.
Royal Bank of Scotland is being sued for £145m ($208.5m) over its role in a huge carbon trading VAT fraud.