Citigroup agreed to pay $7bn on Monday to settle a federal investigation into the toxic mortgage products the bank sold in the run-up to the financial crisis.
Former star trader Raj Mahal breaks down what really goes on in a trader's brain, from being a tiny hustler to winning big at the casino.
Citigroup and U.S. authorities will announce a $7bn agreement as soon as today to end probes of the bank’s sales of mortgage-backed bonds, according to a person with direct knowledge of the matter.
Barclays named Patrick Kwan and Reid Marsh co-heads of investment banking for the Asia-Pacific region to lead the division following departures and job cuts.
Standard Chartered sued Chen Jihong, the owner of a metals trading company at the centre of a loan fraud investigation in eastern China, for $35.6m the bank says it’s owed under a loan agreement.
Barclays' planned sale of its index business could yield close to $1bn, more than double what the bank had expected.
House prices are running away with themselves, headlines warned until recently. Now property values, even in the most fashionable parts of London, are cooling. Employment is booming, but mainly among the self-employed. Inflation? Well, no one knows where that is heading.
Financial regulators on Friday suspended trading in Cynk, the social networking company with no assets, no revenues and one employee, whose value on the stock market had mysteriously soared to $6bn in a matter of weeks.
The main City regulators have warned former managers of HBOS that they faced possible fines and being banned from the Square Mile after they broadened their investigation into one of Britain's most infamous bank failures.
Wells Fargo posted quarterly earnings that met expectations Friday, while revenue exceeded Wall Street estimates.
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.