Credit Suisse will take another around $100m writedown as part of the sale of assets in its distressed credit portfolio to U.S. investment firm TPG's TSSP, with most of the charge reflected in the bank's first-quarter results.
Seven of the world's biggest banks have agreed to pay $324m to settle a private U.S. lawsuit accusing them of rigging an interest rate benchmark used in the $553tril derivatives market.
Societe Generale pledged to cut costs this year and sought to reassure investors it was confident about its 2016 outlook, although its deputy chief executive warned that the industry would never return to its pre-crisis boom.
Beset by market volatility, crowded into similar strategies and bogged down by huge piles of investment capital, hedge funds are struggling this year.
Deutsche Bank director Georg Thoma’s decision to step down after criticism that he went too far in probing potential wrongdoing raises concern that the bank’s board cannot investigate itself, according to a shareholder advisory group.
Hedge fund boss Paul Marshall is set to make a large donation to the campaign for the UK to leave the European Union.
Leicester's astonishing Premier League title achievement has made English football that bit more open and unpredictable.
Queens Park Rangers goalkeeper Rob Green has not played for the club since 1st January 2016.
The midfielder was impressive for the under-21s against Chelsea this week.