Credit Suisse is accusing a group of five investment bankers who left for Jefferies Group in May of stealing confidential information and trying to coax former colleagues to join them.
Goldman Sachs filed a lawsuit on Thursday seeking to force a former managing director to arbitrate his claim for legal fees stemming from probes into his alleged use of confidential Federal Reserve documents.
Deutsche Bank is facing sanctions after the U.S. Commodity Futures Trading Commission said the company violated multiple swap data reporting rules because of a system outage and had inadequate business continuity and disaster recovery plans.
Earlier this year, an analyst asked Citigroup Chief Executive Michael Corbat what he would do if activist investors tried to shake things up after what seems like eons of underperformance.
Activists are eyeing Wall Street banks, but they should probably back off when it comes to the Oracle of Omaha.
Bank of America cancelled an investor trip to Venezuela planned for next month because of security reasons, making it the second bank to do so in a span of weeks amid rising social tensions in the nation.
Britain’s public finances showed a smaller-than-expected surplus in July, a month typically lucrative for the government as businesses settle their tax bills.
A Deutsche Bank whistleblower has turned down his share of the $16.5m whistleblower award, stating that the Security Exchange Commission (SEC) did not do enough to punish the executives responsible for the bank’s wrongdoing.
Sounds pretty cool, man.
The Facebook co-founder and CEO looks for one quality in prospective employees — and it isn't experience.
Nice work if you can get it.
Deutsche Bank’s troubles are being exacerbated because of its size relative to other global banks such as JPMorgan, which would be able to withstand the threat of large fines more easily, Evercore Partners Chairman Roger Altman said.
Centerview Partners, the investment bank co-founded by Blair Effron and Robert Pruzan, hired Sean Carmody from JPMorgan as a partner focused on the financial-services industry.