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 negative effect of sanctions imposed on Russia over the conflict in Ukraine has spread beyond the companies targeted, said the head of Barclays' Russian business.
Japan's central bank kept its powder dry at its March policy review on Tuesday, with economists only expecting further stimulus in July as the central bank waits to assess the impact of its uncharted entry into negative interest rates.
But there's a catch.
Surging spending on compliance staff and lawyers has pushed Deutsche Bank’s costs up, despite sustained efforts to slash the expenses, the lender’s annual report has revealed.