The decision was taken in response to the bank’s legal bills.
Lloyds Banking is eliminating as many as 10 employees in its financial markets unit, according to two people with knowledge of the decision.
A federal judge on Tuesday said JPMorgan Chase & Co must face a class action lawsuit by investors who claimed the largest U.S. bank misled them about the safety of $10bn of mortgage-backed securities it sold before the financial crisis.
Three former Barclays traders charged in the U.K. with manipulating Libor sued the bank in a U.S. court claiming it’s obligated to keep paying their legal fees under a law protecting whistle-blowers.
Pimco executives sought to chart their way back into the market's good graces after the high-profile departure of the firm's founder, telling CNBC that a still-formidable roster of talent and an aggressive focus on equities would assure future success.
While Hong Kong protesters brave tear gas to battle for democratic ideals, stock traders are lining up bets on how to make money on the turmoil.
A panel of global regulators, responding to a manipulation scandal that’s shaken the financial industry, backed measures to make it harder for traders to exploit key benchmarks in the $5.3 trillion-a-day currency market.
After spending much of this year explaining why its two businesses are best left together, eBay's board of directors and CEO did a complete about-face Tuesday morning, announcing a plan under which its PayPal and eBay marketplace businesses will be split into separately traded public companies by the middle of next year.
'Conditions remain challenging'.
Traders with a heart!
Eric Cantor sat in his Washington office in June after one of the biggest upsets in congressional history, getting encouragement from JPMorgan Chase’s Jamie Dimon, head of the largest U.S. bank.
We're in the home stretch of bonus season.
A triplex penthouse at Zeckendorf Development Co.’s tower under construction on Manhattan’s Upper East Side will be offered for sale at $130 million, making it New York’s most expensive apartment listing.
First it was the new hires sent to fetch lattes for the office, then the more senior people vanished.
After the spectacular blowup and exit at Pimco, a lot of people say Bill Gross is crazy.
Catching Lightning in a Bottle details the rise of Merrill Lynch, it's 2008 Bank of America acquisition, and everything in between.
Two former Wells Fargo employees charged with insider trading in advance of research reports containing ratings changes.