BNP Paribas has given investors scant information about how much it expects to pay to settle a criminal probe of U.S. sanctions violations.
A unit of Credit Suisse was fined by the U.K. markets regulator for promoting a product that garnered $1.35bn in investments and had about a 0% chance of reaching its maximum return.
Greenpeace has fired an employee after it group discovered he lost some 3.8 million euros ($5.15 million) in a bet on international currency markets.
The U.S. Justice Department has asked Citigroup for more than $10bn to settle a probe into the lender’s sale of mortgage-backed bonds before the 2008 financial crisis, a person familiar with the negotiations said.
BlackRock said Credit Suisse's guilty plea in a U.S. tax evasion case does not affect its business relationship with the bank, the of the asset manager told a Swiss newspaper.CEO
Morgan Stanley reorganized parts of it U.S. residential-mortgage business, putting Jared Mesznik in charge of all of its trading groups focused on the debt.
UBS’s bet on high-frequency trading helped it overtake rival Credit Suisse in Brazil’s equity markets for the first time.
BNP Paribas was warned in 2006 by a high-ranking U.S. Treasury official and in three reports by legal experts that it risked being penalised for breaking U.S. sanctions, according to Le Monde newspaper.
Charity ride over 300 miles starting in Yorkshire; Fundraising target of £300,000 in support of DB’s Charities of the Year;
Banks across the EU have been put on notice that regulators are preparing fresh guidelines to ensure they do not breach a cap on bonuses.