UBS lost a U.K. lawsuit over derivatives sold to Kommunale Wasserwerke Leipzig GmbH when a judge found the bank’s relationship with a firm advising the German water utility led to a conflict of interest.
On Monday the Securities and Exchange Commission sanctioned 13 firms for violating a rule primarily designed to protect retail investors in the municipal securities market.
Just a couple of weeks after sorting out a new chief executive, troubled infrastructure group Balfour Beatty is now looking for a new finance director.
European Commission slashes its growth forecast for the euro zone and said greater investment was "much-needed".
Royal Bank of Scotland is ditching the auditors that reviewed its accounts before, during and after its £45bn taxpayer bailout.
Some big banks should be broken up to bolster returns to shareholders and make it less likely their collapse will damage the financial system, according to analysts at Berenberg.
It was an everyday kind of quarter for HSBC: superficially healthy earnings were undermined by a $1.6bn charge to cover a long list of fines, provisions and compensation bills.
American International Group reported quarterly earnings and revenue that beat analysts' expectations on Monday.
Credit Suisse CEO Tidjane Thiam dropped a bombshell on investors: Caught off guard by a buildup of illiquid trading positions, the CEO said the bank will probably post a second straight quarterly loss as it unwinds the trades.
Credit Suisse has struck a partnership with Palantir, one of Silicon Valley's most secretive start-ups, to stop rogue traders, the companies said this week.