JPMorgan Chase is considering moving its headquarters within New York as the company has fewer employees in the nation’s largest city, according to a person briefed on the discussions.
A Barclays trading team that’s leaving this year to start a quantitative investment firm will take 60 bank employees with them, adding to Wall Street’s migration to the $2.8 trillion hedge-fund industry.
German prosecutors are seeking charges against Deutsche Bank co-CEO Juergen Fitschen and several former executives at the bank in connection with the long-running Kirch bankruptcy case, legal sources said on Tuesday.
The finger-pointing over who was responsible for the collapse of Lehman Brothers continues nearly six years after the firm filed for bankruptcy at the height of the financial crisis.
Yes - it's time for a woman to be chairman of Barclays. And simply because she is a woman, it would make things at the bank better.
Heavy betting during the first two weeks of the World Cup failed to lift profits at Ladbrokes, which continued to grapple with its online business and closed shops across the country.
Standard Chartered will soon begin sifting through a mountain of data for signs of possible money laundering or other criminal activity, as a result of faults in the software critical to its anti-money laundering compliance programme, two sources with knowledge of the matter said.
JPMorgan Chase, which last year said its private-equity unit would become independent, agreed to sell half of its $4.5bn in buyout holdings to Carlyle Group LP’s AlpInvest Partners BV and Lexington Partners.
Royal Bank of Scotland is considering selling the international arm of its Coutts private bank as it shifts its focus to wealthy clients in the U.K.
The sudden death of popular Hollywood actor Robin Williams has stunned the world and triggered an outpouring of grief and tributes on social media. Here are some tweets in his memory.
Two former Julius Baer private bankers pleaded not guilty on Tuesday to U.S. charges that they conspired to help U.S. taxpayers hide more than $600m in offshore accounts and evade paying taxes.
Citigroup will pay $23m to end private U.S. antitrust litigation claiming that it conspired to manipulate the yen Libor and Euroyen Tibor benchmark interest rates.
Morgan Stanley will pay $63m to settle a series of government lawsuits claiming the bank misrepresented securities it sold to banks that later failed, the Federal Deposit Insurance said in a statement Tuesday.