Goldman Sachs must repay $80m with interest that National Australia Bank invested in a mortgage security before the financial crisis, a Financial Industry Regulatory Authority arbitration panel said.
Nomura and Royal Bank of Scotland may face $500m in damages for what a judge called an 'enormous' deception in the sale of defective mortgage-backed securities, a ruling that may spur other banks to settle similar claims tied to the 2008 financial crisis.
The government has cut its stake in Lloyds Banking Group to less than 20%, taking the amount returned from the bailed-out bank to the taxpayer to more than £10bn.
Richard Herman, global head of fixed income and currencies at Deutsche Bank, told employees he’s leaving after 20 years at the company to pursue interests outside of finance.
Comcast Corp. awarded its new chief financial officer Michael Cavanagh, a former top JPMorgan banker, a pay package worth $29.7m to join the largest U.S. cable company.
Comcast said Monday it has named Michael Cavanagh as its new chief financial officer.
Count Bill Gross among the world’s biggest philanthropists.
Treasurer Joe Hockey has revealed the deficit will beat his own December forecast as well as “market expectations” to come in below $40bn.
Three of Steve Jobs' old business cards were sold at auction earlier this month for more than $10,000.
The late news from the make-or-break talks in Brussels was no news at all, really. There were a few encouraging words for the progress Greece is making on its reform plans. Athens also ordered a €750m (£535m) repayment to the International Monetary Fund. But an agreement on releasing €7.2bn of bailout funds? No.
Bank of America Merrill Lynch has promoted Luigi Rizzo to head of investment banking for Europe, Middle East and Africa (EMEA), according to a memo sent on Monday.
Ex-Citigroup chair Sandy Weill and his family foundation have donated $185M to the UCSF to establish the UCSF Weill Institute for Neurosciences.
Perella Weinberg Partners, the investment bank founded by veteran dealmakers Joe Perella and Peter Weinberg, is considering a tie-up with Tudor Pickering in a push into the energy sector, according to people familiar with the discussions.