'I felt quite traumatized by the experience'.
Two brokers at a Beverly Hills office of Bank of America's Merrill Lynch must collectively return more than $6.6m in signing bonuses to Barclays Capital for leaving the firm's U.S. broker unit after working only three-and-a-half months, a regulatory panel has ruled.
Rabobank Groep, the bank fined $974m last year for rigging interest rates, is said to have suspended two London-based foreign-exchange traders after an internal investigation into their dealings.
Frank Perkins Hixon Jr. will serve his 30 month sentence in a minimum security jail.
Former Treasury Secretary Henry Paulson’s testimony that American International received harsher terms than other institutions getting government bailouts in the financial crisis sets the stage for Tuesday’s examination of a second architect of the rescue.
A senior employee from a leading UK bank has pleaded guilty to a Libor-fixing conspiracy charge brought by the Serious Fraud Office.
UBS's French arm is planning to restructure its asset management business and is in consultation with unions over possible layoffs, as the Swiss bank continues to sharpen its focus on private banking.
Sir Richard Branson has made a fortune from a string of business ventures that bear his signature brand, including Virgin Trains and Virgin Media.
A London restaurant has created the world's most expensive burger which contains gold leaf and caviar, according to a company that tracks records.
Fears that Germany is on the brink of recession intensified after the eurozone’s largest economy suffered its biggest slump in industrial output since the beginning of the financial crisis.
A Los Angeles hospital hit by ransomware swallowed the bitter pill: it paid off the hackers.
The power of mentorship has become pervasive in the business world, and mentors have achieved mythic status. It could be time for a breakup.
The majority of managers at HSBC’s UK retail and wealth group will not receive a pay rise this year, a spokesman for HSBC confirmed this evening, despite the bank U-turning on a policy to enact a pay freeze.