A former energy trader at a Connecticut hedge fund that collapsed in 2006 after losing $6.6 billion on natural gas has agreed to pay $750,000 to settle a regulator’s lawsuit.
Deutsche Bank and at least three former executives received indictments as part of an attempted fraud probe over the bank’s handling of a more than a decade-old civil lawsuit.
HSBC will pay $550 million to resolve accusations of misconduct in its handling of mortgage securities sold to taxpayers before the financial crisis.
A London broker who said he was bullied at BGC Partners lost his lawsuit against the company as a judge ruled he gave at least as good as he got on a trading floor that was rife with insults and abuse.
Morgan Stanley has agreed to pay $95m to resolve a lawsuit accusing the Wall Street bank of misleading investors in mortgage-backed securities in the run up to the 2008 financial crisis.
Barclays, Bank of America, Citigroup and 10 other banks were accused in a lawsuit of conspiring to manipulate ISDAfix, a benchmark used to set rates for interest rate derivatives and other financial instruments.
A federal judge upheld an $8 million arbitration ruling against Morgan Stanley in favor of a former energy trader who said he was improperly terminated after refusing to meet with New York law enforcement authorities.
Carlyle Group is the last of the private-equity giants to settle civil charges that it colluded with rivals on tens of billions of dollars worth of deals.
Credit Suisse Group lost a bid to dismiss a lawsuit by a former private wealth client who is accusing the bank’s Singapore unit of failing to explain the risks of a complex investment product.
Goldman Sachs, JPMorgan Chase, Glencore and other firms won dismissal of lawsuits accusing them of restricting aluminum supplies in a conspiracy to drive up prices.
Bank of America on Thursday asked a federal judge to throw out a jury verdict finding it liable for fraud over defective mortgages sold by its Countrywide unit that resulted in a $1.27bn penalty.
Take-Two and Rockstar Games say the actress Lindsay Lohan's case against GTA V is just for attention.
Two former derivatives traders have sued in London for $11.6m, claiming their previous firm failed to honor an unwritten bonus agreement the bank described as a 'fiction'.