Bank of America's banking unit agreed to pay $16.6m to resolve allegations that it processed transactions for drug traffickers who are subject to U.S. sanctions, the U.S. Treasury Department said on Thursday.
Barclays asked a judge to throw out New York Attorney General Eric Schneiderman’s lawsuit that accused the bank of lying to customers and hiding the role of high-frequency traders to boost its dark pool profile.
Former Merrill Lynch brokerage chief John “Launny” Steffens and his investment firm Spring Mountain Capital were cleared by a jury in a trial over a customer’s losses in Bernard Madoff’s $17.5bn fraud.
Bailed-out Lloyds Banking Group appears poised to become the latest financial firm to be penalised for rigging Libor and is said to be facing a fine of between £200m and £300m.
· Retail and Real Estate M&A both see single-digit percentage increases over 2013
Manchester United assistant boss Ryan Giggs has admitted to a concern over the players from last season.
Freddie Ljungberg will play in India for three months starting in September.
Lewis Hamilton led a Mercedes one-two in first practice for the Hungarian Grand Prix while Kimi Raikkonen was a strong third for Ferrari.
Reports in Portugal suggest Bebe will be a Benfica player by the end of the day - replacing Liverpool newbie Lazar Markovic.
Arsenal manager and legendary striker were reunited at a pre-season event with New York Red Bulls.
Yahoo's former chief operating officer Henrique de Castro was not the right fit for the company, CEO Marissa Mayer said on Wednesday.
'The investment banking industry for all intents and purposes has disappeared'.
Our fearless reporter tries out a gas-free campstove which can also charge her phone: will it actually work?