A Wall Street trader said Cynk Technology's 36,000% stock surge cost him his job, and he blames a short squeeze and regulators who didn’t halt the shares before the company’s value shot past $6bn.
Jamie Dimon confident of full recovery from throat cancer.
Bank of America illegally copied $300m worth of Tibco's enterprise software for use in a massive IT project at its Merrill Lynch subsidiary, Tibco alleges in a lawsuit.
His days start at 5:15 a.m. and end at 11 p.m. But the long hours more than pay off for Leon Cooperman, the billionaire founder of Omega Advisors.
Craig Stuvland, former president of Common Sense Investment Management, lured four Morgan Stanley brokers with $650m in client assets to a new firm that supports independent financial advisors.
ICAP, the world's largest interdealer broker, said on Wednesday that group revenue in the first quarter fell 14% year-on-year, as tough market conditions continued to affect trading.
American International Group has reached a $650 million settlement with Bank of America over residential mortgage related disputes.
Sports Direct tycoon Mike Ashley has bowed to pressure from the City and withdrawn his controversial participation in the firm's bonus scheme, despite winning approval from shareholders.
Bank of America, the second largest U.S. bank by assets, reported a 43 percent drop in second-quarter profit as mortgage revenue fell and litigation costs increased.
Former Deutsche Bank salesman Shigeru Echigo received a 10-month suspended jail sentence in Tokyo for bribing a pension-fund executive to buy investment products.
We talk a lot about the amount of pressure the younger generation are under - but those nearing retirement age have it just as hard, it turns out.
Tighter regulations are making it increasingly difficult to sell U.K. government bonds. That’s the message from gilt market makers and investors.
More needs to be done to propel women into the top jobs in Britain’s biggest businesses, to boost economic growth, according to the head of the CBI – who wants all major companies to ensure that a quarter of all senior roles are held by women.