As fears grow over the stability of the European banking system, Standard Chartered is being hit by a double whammy in credit markets with investors increasingly worried about the lender’s business in Asia, where it earns most of its revenue.
A baby-faced 'Wolf of Wall Street' wannabe duped Facebook into approving pricey advertising lines of credit that the Brooklyn college graduate later sold off for big bucks, a new lawsuit charges.
UBS has said Chris Vogelgesang will step down as co-head of foreign exchange and precious metals as the bank merges the unit with rates and credit amid regulatory probes into currency markets.
The U.S. debt ceiling debate is unlikely to change Standard & Poor's AA+ U.S. sovereign rating, the credit ratings agency said Monday, lowering the probability of a repeat performance of the 2011 downgrade drama that paralyzed markets.
One of the world's largest investment firms believes the financial system is overly leveraged.
BlueCrest Capital Management, the $36bn hedge-fund firm run by Michael Platt, hired three credit traders as Wall Street’s biggest banks pull back from riskier businesses.