Goldman Sachs, known for its hard-working bankers, is becoming a family friendly firm.
Former UBS trader Thomas Hayes told prosecutors two years ago that his attempts to rig benchmark interest rates amounted to 'price fixing'.
Dick Fuld's estate for sale.
Morgan Stanley named Vince Lumia head of the firm’s private wealth-management business, replacing Eric Benedict, who is leaving after 19 years.
Scott Eichel, the global head of asset-backed products and credit trading for Royal Bank of Scotland's investment bank, has left unit.
Standard Chartered's incoming CEO Bill Winters is expected to raise capital and cut the bank's dividend later this year, potentially forced to act by a tough stress test of its Asian loans, investors and analysts said.
HSBC was on Monday ordered to face three U.S. lawsuits accusing it of breaching its duties as a trustee overseeing residential mortgage-backed securities that suffered more than $34bn of losses in the global financial crisis.
The Securities and Exchange Commission has charged two Merrill Lynch entities with using inaccurate data in the course of executing short sale orders.
The chief executive of HSBC, Stuart Gulliver, is expected to signal next week that thousands of jobs are to be cut when he outlines his latest strategy for the global banking business, according to reports.
Companies finally may be getting the message that it's better to invest in the future.
CVC Capital Partners, the biggest European buyout firm, has hired HSBC’s most senior Southeast Asia dealmaker Alvin Lim, people with knowledge of the matter said.
David Hunt, chief executive officer of Prudential Financial’s $1tril asset manager, said the search for 10% returns can be dangerous for investors.
HSBC Private Bank is appealing a $78m fine imposed by Hong Kong’s securities regulator in connection with its sales of structured products including Lehman Brothers -related notes between 2003 and 2008.