Two British bankers will on Tuesday become the first people to stand trial in the US over allegations of Libor interest rate rigging.
Tax whistle-blower Herve Falciani’s trial will resume next month in his absence after the former HSBC employee failed to turn up at a Swiss courtroom on Monday.
Dell's $67 billion deal for EMC puts 2015 on track to be the biggest year ever for mergers and acquisitions, surpassing the dot-com-fueled deal frenzy in 2000 that marked the end of a bull market.
Seven years ago this week, Gordon Brown – the then prime minister – was in full combat mode. Royal Bank of Scotland (RBS) and HBOS were on the brink of collapse and risked bringing down the rest of the financial system with them.
When Deutsche Bank stunned markets last week with a profit warning, part of the rationale the bank gave was to write down the value of an acquisition of a bank it bought 16 years ago.
JPMorgan Chase & Co on Friday won the dismissal of a U.S. whistleblower lawsuit filed by a former vice president who claimed the bank ignored red flags about a client's potential fraud, even after authorities exposed the massive Ponzi scheme operated by longtime JPMorgan client Bernard Madoff.
Worldwide announced Mid-Market M&A deals valued up to $500 million (including undisclosed value deals) totaled US$649.4 billion for the first nine months of 2015, a 0.4% decrease year-on-year.
Completed distressed debt and bankruptcy restructuring activity totaled US$76.7 billion during the first nine months of 2015, a 48% decrease from the first nine months of 2014.
Worldwide announced small-cap M&A deals valued up to $50 million (including undisclosed value deals) totaled US$104 billion in the first nine months of 2015 – a 3.4% increase year-on-year.
The U.S. Federal Reserve banned former UBS trader Matthew Gardiner from the banking industry for life for rigging currency benchmarks, the first U.S. penalty against an individual in the three-year investigation.
Europe’s hedge-fund industry contracted for a sixth straight quarter as the U.K.’s decision to leave the European Union and concerns that China’s growth is slowing caused losses and forced some money managers to shutter.
What’s the cost of having to raise money quickly by selling London real estate?