The Federal Reserve's New York branch knew about risks JPMorgan Chase was taking with its massive 'London Whale' derivatives bets four years before they imploded, but it failed to act properly to head them off, the U.S. central bank's inspector general said.
Douglas Flint, the chairman of Europe's biggest bank, says restrictions on pay are hitting banking industry and making it difficult to hire top talent
Former SAC Capital portfolio manager Mathew Martoma lost a bid to remain free while he fights a conviction for perpetrating the most lucrative insider-trading scheme in U.S. history, as a federal judge expressed doubt that his appeal will succeed.
Bank of England policymakers remained split over whether to raise interest rates immediately, with two members of the nine-strong monetary policy committee (MPC) voting in favour this month.
Asos chief Nick Robertson has swept aside rumours that the online fashion retailer is about to be swallowed by Amazon, declaring the internet company was not his “dream partner”.
A new Ebola vaccine could be ready to send to West Africa within the next three months, NewLink Genetics Chairman and CEO Charles Link says.
Despite an earnings beat, things still don't look so good for Yahoo -or CEO Marissa Mayer, industry experts said.
Tesco is poised publish the details of its new chief executive’s multimillion-pound golden hello.
Royal Bank of Scotland has escaped €115m of fines for alerting the European commission’s competition watchdog to two attempts to fix the prices of key interest rates.
'In the new world, pay.... may well have further to adjust'.
Tom Hayes has been ordered by a judge to pay £878,806 in a proceeds of crime hearing.
For years, he was a member of the elite of Swiss bankers. Now, a former Credit Suisse wealth manager is in a prison hospital in Geneva, charged with fraud, misappropriation, and criminal mismanagement, facing as many as 10 years behind bars.
A High Court judge has ruled that Navinder Sarao should be extradited to the US, where he will face charges carrying a maximum sentence of 380 years.