Globalization and technological change are leading to the demise of middle incomes in U.K. cities, according to a new report.
Chinese e-commerce giant Alibaba on Friday filled to sell up to $24.3 billion in stock, making it the biggest U.S. initial public offering ever.
Investment bankers don't have a problem with the record $2 billion Steve Ballmer paid for the Los Angeles Clippers, but they also say it's not the new normal for sports team valuations.
Job offers pulled and start dates delayed as banks toughen background checks
The U.K. takes its fight against European Union banker-bonus limits to the bloc’s highest court next week, seeking to overturn a ban on awards of more than twice fixed pay.
Jerome Kerviel, the former Societe Generale trader convicted of fraudulent transactions that led to a record loss at the bank, is getting out of jail early.
Credit Suisse is merging its eastern European private banking business with western Europe as it seeks to return to growth after heavy outflows due to crackdowns on untaxed funds in hidden Swiss accounts.
Barclays, Bank of America, Citigroup and 10 other banks were accused in a lawsuit of conspiring to manipulate ISDAfix, a benchmark used to set rates for interest rate derivatives and other financial instruments.
A federal judge upheld an $8 million arbitration ruling against Morgan Stanley in favor of a former energy trader who said he was improperly terminated after refusing to meet with New York law enforcement authorities.
Credit Suisse added private banking to its operations in Toronto as the lender seeks to win business from Canada’s wealthiest individuals.
As fears grow over the stability of the European banking system, Standard Chartered is being hit by a double whammy in credit markets with investors increasingly worried about the lender’s business in Asia, where it earns most of its revenue.
A teen temptress accused of drugging rich men so she can steal their cash and Rolex watches has been arrested again - for allegedly robbing a JP Morgan executive.
Deutsche Bank is considering buying back some of its bonds amid concerns that the bank will struggle to make payments on its riskiest debt. The shares jumped.