Drexel Burnham Lambert, the investment bank famous for the high-yield or "junk" bonds it pioneered, filed for bankruptcy on Feb. 13, 1990.
Allegations of corruption at the aircraft engine-maker Rolls-Royce spread to Brazil on Monday, adding to the woes of a group that is already involved in a Serious Fraud Office (SFO) investigation into bribery claims in China and Indonesia.
Deutsche Bank is focusing on plans for a slimmed-down universal bank as part of the management's strategic review where the group remains internationally engaged in most of its current activities but pulls out of unprofitable regions and business lines, newspaper Handelsblatt reported on Monday.
A former UBS banker who helped U.S. authorities prosecute the Swiss bank in a tax fraud case has asked for permission to travel to France to comply with a subpoena in another investigation of the company, according a court document.
Tate & Lyle issued its third profit warning in a year earlier this month, but analysts believe the worst may be over, and the company could even be a £4.4bn bid target for US group Bunge.
JPMorgan Chase arranged for Todd Marin and Catherine Leung to leave the bank to prevent them from collecting equity grants before the completion of a probe into the company’s hiring practices in Asia, according to people familiar with the matter.
A federal judge on Friday sentenced a former Wells Fargo banker to five years in prison for his role in an insider trading ring that prosecutors said netted participants more than $11 million and garnered national attention.
Citigroup, Goldman Sachs and UBS have agreed to pay $235 million to settle a lawsuit over mortgage-backed securities issued by defunct Residential Capital LLC.
A New York judge on Friday rejected Barclays Plc's effort to dismiss state Attorney General Eric Schneiderman's lawsuit accusing it of defrauding clients about high-speed trading in its private 'dark pool' trading platform.