Wanted: senior managers with banking experience who aren’t afraid of prison and don’t mind having their bonuses snatched back seven years after it’s paid.
Credit Agricole will probably reach an accord with U.S. officials in the next two months to settle a probe of the bank’s business in sanctioned countries including Iran, a person with knowledge of the matter said.
A U.S. judge has dismissed London Metal Exchange as a defendant from nationwide antitrust litigation accusing banks and commodity companies of conspiring to drive up aluminium prices, hurting manufacturers and purchasers.
Three of the biggest bitcoin exchanges in China teamed up on Thursday to release a joint letter addressed to New York regulators, warning them that proposed rules for the digital currency will have far-reaching consequences.
The European Union's banking watchdog on Friday cautioned financial institutions against trading or holding virtual currencies until the 28-nation bloc comes up with new rules for the sector.
There is something seriously wrong with bank regulation and litigation in the US today, says bank analyst Dick Bove.
The fragmented UK wealth management sector is shrinking as firms quit, bulk up or look to service a more profitable slice of the country's growing number of rich clients, to cope with costly new regulations.
Goldman Sachs President Gary Cohn said that he would watch closely what world finance ministers say about regulation when they meet this weekend.
Regulators are actually increasing risk in the US banking system, says bank analyst Richard X. Bove.
Government regulations aimed at reducing reducing risk at the nation's banks in the wake of the 2008 financial crisis are having the opposition effect, bank analyst Dick Bove tells CNBC.