The Swiss National Bank (SNB) revealed on Friday that abandoning its currency cap on the euro in January cost the central bank $52bn in the first half of the year.
Standard Chartered and Societe Generale are among four banks added to a suit by investors claiming banks manipulated the $5.3tril a day foreign-exchange market.
A hedge fund manager appointed to the Bank of England’s monetary policy committee (MPC) has succumbed to pressure about potential conflicts of interest by severing financial links with his former employer.
Goldman Sachs has agreed to pay around $270m to settle a lawsuit by investors who claimed the bank misled them about the safety of billions of dollars worth of residential mortgage-backed securities, two people familiar with the case said.
Sir Philip Hampton said the results released by Royal Bank of Scotland last week were like “groundhog day”.
Deutsche Bank is seeking to recover internal electronic chat transcripts that were left out of disclosures to regulators during a probe into interest-rate rigging, according to people briefed on the matter.
HSBC reported a 2 percent year-on-year rise in adjusted pre-tax profit to $13 billion for the first half, after a strong performance in Hong Kong.
Jennifer Mihocko-Tierney, Bank of America's head of electronic foreign-exchange sales for the Americas, has left the company, according to two people with knowledge of the matter who requested anonymity to discuss personnel matters.
Deutsche Bank acknowledged for the first time that it is investigating a “significant” volume of suspicious Russian and U.K. equities trades, adding that it has already taken disciplinary action against a number of people.
The $2.9tril hedge-fund industry may lose about a quarter of its assets in the next year as performance slumps, said Tony James, Blackstone’s billionaire president.
Nomura Holdings has cut pay for its top executives by 18% to the lowest level in three years after profit at Japan’s biggest brokerage slumped and losses abroad swelled.