John Paulson’s hedge funds made almost $1bn on his investment in OneWest Bank, which is being purchased by CIT Group for $3.4bn in cash and stock.
Former Jefferies managing director Jesse Litvak, the only person convicted of fraud related to a $20bn government bail-out program, may spend almost a decade in prison for lying to his customers about mortgage-backed securities.
Yuzo Kano quit Goldman Sachs twice: once for a rival bank, the second time to open Japan’s first bitcoin exchange since the collapse of Mt. Gox.
Deutsche Bank and Barclays on Tuesday locked horns with a U.S. Senate committee that has accused them of selling option products to hedge funds to help them avoid taxes.
UBS has hired a new sector head to grow its America's power investment banking practice, according to an internal memo obtained by Reuters.
Companies going public in Hong Kong are getting the message that less is more.
A string of major banks and analysts in Singapore have downgraded their forecast for full year growth this year, as weakness in the manufacturing and services sector continues to takes its toll.
Millionaires are twice as likely to keep working in retirement than the broader population, according to a new survey from Merrill Lynch and Age Wave.
A big New York investment firm isn't happy that Puerto Rico has made it easier for some local public companies to restructure their debts.
BATS Global Markets, a global operator of securities markets, announced in a release on Tuesday that its president, William O'Brien, has left.
A former senior trader at Royal Bank of Scotland who lost his job amid the currency market rigging scandal, won part of an employment lawsuit but received no compensation because a London judge said he would have been fired anyway.
Aberdeen Asset Management chairman Roger Cornick is to retire at the end of the financial year, the group said this morning, as it warned on the outlook amid ongoing market volatility.
Goldman Sachs has announced the launch of an apprenticeship programme in London, in partnership with Queen Mary University of London (QMUL). From Autumn 2016, a class of apprentices will join the ‘Degree Apprenticeship Programme’, a flagship scheme launched by the UK government in March 2015.