Deutsche Bank, Germany’s largest lender, is to cut more than 7,000 jobs globally, with its investment banking business in London likely to be hit.
Charges brought against Barclays bank over a $3bn (£2.6bn) loan made to Qatari investors have been thrown out by a court, in a major setback for the only criminal case pursued by the Serious Fraud Office (SFO) around events from the 2008 financial crisis.
Royal Bank of Scotland has agreed a $4.9bn (£3.6bn) penalty with the US Department of Justice to end an investigation into sales of financial products in the run-up to the financial crisis, clearing the way for the UK government to sell its 71% stake in the bank.
Back in the 1990s, the share-trading website E*Trade used to run a television advert featuring a cocky young financial adviser counselling a grey-haired client.
The world’s largest futures exchange, CME Group, has agreed to buy Michael Spencer’s Nex Group in a £3.9bn deal that will net the former Tory party treasurer £670m.
They fought the law, and the law won? At first glance, that is how Barclays’ $2bn (£1.4bn) settlement with the US Department of Justice may seem.
The producers of hit Hollywood film The Wolf of Wall Street have agreed to pay back $60m to the US government after allegations the film was funded with money stolen from a Malaysian state investment fund.