Allen & Co. represents Wal-Mart in the latest sign that smaller upstarts are challenging the big banks on merger deals.
Lloyds Banking Group is facing a legal challenge to close the gap in pensions for its female staff.
Here's a league table of 30 of the biggest trading losses of all time (excluding CDO losses post 2007).
Barclays has appointed Emily Portney as the chief financial officer for its corporate and international (BC&I) business, which includes its investment bank, a person familiar with the matter said on Friday.
Investment banks are expected to pocket big fees from a proposed emergency plan for Italian lender Monte dei Paschi di Siena.
Citigroup has purchased a portfolio of credit-default swaps from retreating rival Credit Suisse, two people with knowledge of the matter said.
A federal judge rejected PricewaterhouseCoopers' bid to dismiss a $1bn lawsuit accusing the accounting firm of professional malpractice for helping cause the October 2011 bankruptcy of MF Global Holdings, a brokerage once run by former New Jersey Governor Jon Corzine.
Britain’s vote to leave the EU has had little immediate impact on people’s spending habits, according to new figures that suggest more money was splashed out on clothes, meals out and day trips in July.
European banks have pushed back profitability targets so many times, the dates are now more placeholders than deadlines.
The move is said likely to mostly affect back-office staff such as in information technology services.
Tesco is facing a claim for £150m from 60 shareholders seeking to recoup losses following accounting irregularities at the supermarket chain.
The two stories, at the crux of the financial crisis, are important to understanding why the market freaks out every time a bank hits rough waters.