Goldman Sachs increased its estimate for reasonably possible legal costs in excess of reserves by 55% to $5.9bn.
Cross-Border M&A activity totals $913.5 billion, up 23% compared to YTD 2014 levels
The 'spiritual father of the entire LBO industry'.
Deutsche Bank and Barclays' rebound in fixed-income revenue during the second quarter will test their leaders’ pledges to scale back in that business.
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”.
Canadian Imperial Bank of Commerce said it will buy PrivateBancorp in a $3.8bn cash-and-share deal, its biggest ever acquisition and a long-awaited expansion in U.S wealth management.
The Brexit vote was a negative shock but the tragedy no longer looks like a 'fait accompli,' George Soros said in a speech at the European Parliament on Thursday, and it has created "positive momentum for a stronger and better Europe".
Banking giant Goldman Sachs has Wednesday refuted claims that the wheels are in motion to move staff to Frankfurt, following the UK's decision last week to leave the EU.