Commerzbank was sued by a director who said she was discriminated against in an environment more akin to a fraternity where she was isolated by discussions held in German, or at bars.
William Anderson, Goldman Sachs’s top activist defence banker, is leaving to join Evercore Partners, according to two people with knowledge of the matter.
Russia’s biggest banks are scaling back their London investment banking ambitions as sanctions curb deal-making and deter clients from trading with them.
Former Goldman Sachs director Rajat Gupta lost his latest bid to throw out his insider-trading conviction and prison sentence, even after an appeals court last year made it harder to prosecute tipping cases.
Citigroup, Morgan Stanley, HSBC and 12 other banks are being investigated for currency manipulation by Brazil’s antitrust agency after similar probes in the U.S. and Europe led to penalties of more than $10bn.
Hedge fund billionaire Steve Cohen is considering a return to London after beating a retreat from the UK in the midst of an insider-trading probe 18 months ago.
Barclays named KPMG its new auditor, ending a 119-year relationship with PricewaterhouseCoopers amid a British regulatory investigation into the reporting of the bank’s accounts.
European victims of Bernard L. Madoff’s Ponzi scheme can’t directly sue custodian banks such as UBS, Luxembourg’s highest court said.
Rolls-Royce’s new chief executive, Warren East, has been forced to issue a profit warning on his second day in the job at the engine maker.
A guide to the next big turning points (that can already be predicted) in the rapidly unfolding crisis in Greece.
Deutsche Bank is looking to grow its wealth management business in the Asia-Pacific region, hiring staff as it tries to attract a new category of clients with assets of less than $20m.
Barclays said it’s letting staff in the U.S. take more time off after having a baby, following a trend on Wall Street to try and make it easier for bankers to “successfully integrate” their professional and personal lives.