Goldman Sachs is in talks to pay $2bn to $3bn to settle a probe into its sales of mortgage bonds leading up to the financial crisis, according to a person with direct knowledge of the situation.
When people say there is a revolving door between the Securities Exchange Commission and Wall Street, they don't usually intend it as a compliment.
Lloyds Banking Group has docked £350,000 from the bonus of its boss António Horta-Osório after being hit with a £117m fine for unacceptable handling of compensation claims for payment protection insurance.
The growth in new car sales in the UK slowed to 2.4% year-on-year in May, according to industry figures. This would seem like a respectable figure if it was not for the double-digit growth that has characterised the last couple of years.
Morrisons has suffered a shareholder revolt after awarding its sacked former chief executive Dalton Philips a £1m bonus, with more than one in three votes cast against its remuneration policy.
General Electric is exploring a move from its Connecticut headquarters after it objected to tax aspects of the state's recently passed budget.
A trader fired by Deutsche Bank as part of its Libor-rigging settlement is suing over bonus payments that may total more than $7.7m.
A California day trader and three pals thought they had dreamed up the perfect easy money scam.
JPMorgan won a round in a long-running dispute with the Federal Deposit Insurance, avoiding some the the liabilities tied to its 2008 takeover of Washington Mutual’s banking operations.
Goldman Sachs and Citigroup are among securities firms that have seen Russian investment banking commissions evaporate this year as sanctions and the country’s economic slump bring business to a halt.
After a disappointing 2014 World Cup, the nation is eagerly awaiting the start of Euro 2016. With a 100 per cent record in the qualifiers, and currently priced at 8/1 fourth favourites, England are quietly confident that they can at least emulate their semi-final appearance 20 years ago.
A London prosecutor told jurors they didn’t have to decide whether the banking industry as a whole is guilty of fraud, but just the five former Barclays traders accused of manipulating Libor.