Tom Hayes was told by a judge to stop making speeches and answer the questions put to him after a series of terse exchanges with a U.K. prosecutor.
UBS appointed Chris Hagstrom and Mike Pasquale co-heads of Americas equities distribution as the bank looks to regain market share in global stock trading.
Following weeks of stock market turmoil, China has confounded expectations that its economic growth would slow further in the second quarter, with gross domestic product rising by 7%.
JPMorgan Chase's earnings conference call concluded in unexpected fashion.
The former HSBC boss Lord Green has admitted the bank should have made more stringent checks before buying its Swiss private banking arm, as he apologised for failures at the disgraced UK-based bank.
A much-anticipated economic speech from Hillary Clinton has left Wall Street so far with little to worry about, Politico's Ben White says.
Lloyds Bank is to “derecognise” its biggest union, which represents more than 25,000 staff, in a remarkable breakdown in industrial relations at Britain’s biggest retail bank.
The Securities and Exchange Commission has charged OZ Management LP with providing inaccurate trade data to four prime brokers, causing inaccuracies in the brokers’ books and records and in data provided to the SEC in investigations.
After four weeks of extreme volatility in Chinese stock markets and the threat of Greece being pushed out of the euro zone, asset managers took fright and hiked their cash holdings to levels not seen since the collapse of Lehman Brothers.
Shareholders at Germany's Deutsche Bank have signalled their distaste for the company's pay plan, with a vote against remuneration proposals at the group's annual meeting in Frankfurt.
Barclays will learn whether fraud prosecutors intend to file charges related to its $10.2bn fundraising from Middle Eastern investors by early next year, lawyers for the Serious Fraud Office told a London court.
Choosing whether to go to business school is a big decision. On one hand, an MBA could propel your career or business forward. But it comes with a hefty price tag in terms of time, tuition and lost wages.