Credit Suisse has withheld many key documents from MBIA in a lawsuit accusing the bank of lying about how it processed loans used in mortgage-backed securities, and it should be ordered to review whether it has more evidence suggesting misconduct, the bond insurer said.
Former Millennium Global Investments portfolio manager Michael Balboa was sentenced to four years in prison for defrauding investors by inflating the value of Nigerian sovereign debt by $80m.
Optimism without empathy will not be enough to solve the problems facing the world, Bill Gates told Stanford's graduating class of 2014 in a commencement speech he gave with his wife, Melinda.
Iran is lobbying to get HSBC to process humanitarian trade transactions that Europe's biggest bank has frozen because of concerns about potential breaches of international sanctions, sources familiar with the trades told Reuters.
Argentina's government has hit back at a group of creditors that could force the beleagured country into bankruptcy, saying in an advert published in newspapers across the globe that it would fight their court actions.
Winner by less than a second.
Now you see it, now you don't.
The former Goldman Sachs programmer twice charged with stealing the company’s high-speed trading code on his last day of work scored a pre-trial victory last week, as a New York judge ruled his arrest was illegal and threw out some of the evidence against him.
BNP Paribas is likely to pay $8bn to $9bn as part of a potential settlement with U.S. authorities over violations of sanctions, according to a person familiar with the matter.
Brian Moynihan may be taking a play out of Jamie Dimon’s book.
The chair of the City watchdog has defended the organisation against accusations of government interference, as he expressed irritation at George Osborne publicly announcing the withdrawal of one of the frontrunners to lead the regulator.
This time last month stock markets were starting an end-of-year rally, cheerfully regarding the US Federal Reserve’s small increase in interest rates as evidence of the underlying strength of the global economy. Now, says William White, former chief economist of the Bank for International Settlements, the situation is as bad as in 2007, the onset of the banking crash.
Another day, another massive set of job cuts.