West Texas Intermediate fell below $44 after data showed additions to already record-high U.S. oil inventories.» Read More
Andrew Lee, Global Head of Alternative Investments at UBS, says an increasingly diverging world economy presents opportunities for hedge funds and private markets like private equity.
China's new home prices continued significant fall in December even as year-end sales volumes surged - a somber omen for upcoming 2014 GDP.
Why banks that have exuberantly extended credit to oil companies may feel the pinch of tanking oil.
China's $26B trainmaker merger made Bank of America Merrill Lynch first in Asia's 2014 dealmaking rankings, showing the importance of SoEs for banks.
The yen gained sharply against both the dollar and euro on Tuesday as investors sought the traditional safety of the Japanese currency.
A decade after splitting two railroad manufacturers from the same company to promote competition, China now wants to recombine them. The Financial Times reports.
China's shadow banking sector is growing rapidly despite tightened rules, taking advantage of a regulatory anomaly to prosper.
A month after the Shanghai-Hong Kong trading link opened, demand has subdued and most activity has come from short-term speculative traders.
Owner of Dalian Wanda says China's era of rapid urbanization will end within a decade, so he is looking to shift toward tourism and entertainment.
The U.S. dollar slipped against major currencies on Tuesday on expectations that the Federal Reserve would take a cautious tone.
JPMorgan retained its crown as the top performing investment bank in the first nine months of the year, with revenue of $17.1 billion year-to-date.
Chinese brokers have seen a surge of new stock investors and a dramatic spike in turnover on soaring local bourses, in response to government policy measures.
Nov 26- Bank Leumi Le Israel BM is close to a $400 million settlement with U.S. authorities following a probe into whether it helped Americans evade taxes, Bloomberg News reported, citing a person with knowledge of the matter. Israel's second-largest lender would pay about $270 million to the Justice Department and $130 million to New York's Department of...
WASHINGTON, Nov 19- The U.S. Department of Justice collected a record $24.7 billion in penalties from fraud and other cases in fiscal year 2014, the agency said on Wednesday, as fines against banks for financial misconduct soared. Collections in 2014 were boosted by multi-billion dollar payouts from JPMorgan Chase& Co and Citigroup Inc to resolve claims they...
Nov 18- A Swiss banker charged in the United States last year with helping wealthy Americans avoid taxes said in a court filing on Tuesday that he wanted to fight the charges and asked a federal judge to consider his application for bail before he traveled to the United States. Stefan Buck, who remains in Switzerland and was head of private banking at Zurich- based...
Nov 18- Wells Fargo& Co has agreed to pay $7.4 million to settle a class action claim that it unlawfully made brokers who left the firm forfeit bonuses that were deferred as part of their retirement plans, court documents show. The brokers, who said they had earned the bonuses by meeting performance goals set by Wells, alleged the forfeiture requirement violated...
Some of the names on the move ahead of the open.
LONDON, Nov 17- An international settlement over allegations of manipulation in the foreign exchange market shows reform of Britain's banking system is still badly needed and must not be diluted, a group of British lawmakers said on Monday. Regulators last week imposed fines totalling $4.3 billion on HSBC Holdings Plc, Royal Bank of Scotland Group Plc,...
Nov 14- UBS AG, among the six banks fined this week for their role in the global foreign exchange scandal, is looking at clawing back bonuses from its traders. HSBC Holdings Plc, Royal Bank of Scotland Group Plc, JPMorgan Chase& Co and Citigroup Inc are the other banks looking to take back bonuses, according to the FT report. JPMorgan declined to comment on the FT report,...
Morgan Lewis announced on Friday that its partners voted to accept 227 partners from Bingham, which has about 300 overall. The announcement came days after Bingham partners voted to approve the deal. A Morgan Lewis spokeswoman declined to comment on the terms of the deal, and a Bingham spokeswoman did not immediately return a call for comment.