Prominent corporate lawyer H. Rodgin Cohen said Friday that he sees the environment between banks and their regulators as one of the most tension-filled times of his career.
Credit Suisse is facing a $3.2bn suit in Italy as prosecutors probe the lender in a separate case, a sign litigation risks haven’t abated since a multi-billion settlement last year.
The National Credit Union Administration Board filed suit against HSBC, alleging it did not fulfil trustee duties for 37 residential mortgage-backed securities trusts, the group said on Friday.
A former trader at Dutch lender Rabobank pleaded not guilty on Friday to U.S. charges that he engaged in a scheme to manipulate Libor, the benchmark interest rate at the center of global investigations into misconduct at various banks.
Afren, the struggling oil producer which dismissed top executives last year and is in the middle of a refinancing, has called in the Serious Fraud Office after another discovery relating to expenses payments.
The boss of McDonald’s in the UK, Jill McDonald, has been hired as the next chief executive of Halfords where she will become one of the few women at the helm of a London-listed company.
The US government is expected this week to give the go-ahead to a controversial plan by Shell to restart drilling for oil in the Arctic.
Howard Schultz, the founder and chief executive of Starbucks, wants to start a conversation about race.
The FAA has cleared Amazon drones for testing, but don't expect to see that package land in your backyard any time soon. Here's why.
Greece’s eurozone creditors are considering bringing forward a financial lifeline for Athens by a few weeks after Alexis Tsipras, the Greek prime minister, told EU leaders the country would be insolvent by the end of April without assistance.
Standard Chartered is seeking to sell at least $4.4bn of assets in Asia, people with knowledge of the matter said, as the bank pares its balance sheet after booking record impairments.
After the worst start to a year since 2008, hedge funds repaired some of the damage in March as investments in equities, fixed income and commodities fueled the best monthly gains in two years.
Corporate defaults could be about to rise, according to Deutsche Bank (DB)’s closely watched annual default study, launched this morning.