Three years after its first foray into the Islamic capital markets ended without a sale, investors piled in to buy sukuk debt from Goldman Sachs on Monday, as the bank joined the governments of Hong Kong and the U.K. in selling debut Shariah-compliant bonds this year.
Credit Suisse is under fire from U.S. regulators over concerns the bank isn’t heeding warnings to stop making loans regulators see as risky, according to a person familiar with the matter.
U.S. Attorney General Eric Holder will call for a law change to increase rewards for whistleblowers who turn in evidence of crimes on Wall Street, according to officials.
Bank of America managing directors John Uglum and Doug Horlick have left the firm as it cuts jobs in the interest-rates and currency-trading businesses, said people briefed on the moves.
Deutsche Bank and at least three former executives received indictments as part of an attempted fraud probe over the bank’s handling of a more than a decade-old civil lawsuit.
April is the cruellest month, TS Eliot once wrote.
Barclays, HSBC and bailed-out Royal Bank of Scotland are among 13 banks facing fraud allegations and a claim for $1.15bn (£700m) in damages in the US state of Virginia over the sale of mortgage bonds during the financial crisis.
The world economy is going through a rough patch, yet the world's billionaire population is at an all-time high.
The CEO of one of Europe's biggest asset managers has warned that markets will undoubtedly face a tough day on Friday as news of the outcome of the Scottish independence vote reaches investors.
All companies – not just banks – will have to be able to claw back directors' pay and prove bonuses are linked to performance under a new City code published on Wednesday.
The U.S. is not facing another financial crisis and the stock market's overreaction to fears about the economy could be a value opportunity, John Paulson says.
Panicked investors sought refuge in the safe havens of gold and government bonds on Thursday as a fresh spasm of global selling sent share prices crashing in Asia, Europe and North America.
A record was broken during the latest wave of selling on the world’s stock markets.