The inquiry into alleged manipulation of the currency market now takes in the world’s biggest banks, traders – and now the U.K’s central bank.
European shares closed lower on Wednesday, with investors shunning banking stocks after regulators announced penalties.
Wall Street looked set for a lower open to trade on Wednesday, ahead of a final burst of earnings for the third quarter.
These are the stocks posting the largest moves before the bell: BZH, YHOO, AOL, SEAS, AGN, WMT & more.
Financial regulators on both sides of the Atlantic imposed multibillion-dollar fines on five global banks for rigging key foreign exchange markets.
Regulators worked late to announce a multibillion-dollar settlement with five global banks to resolve charges of attempted currency manipulation.
Germany is home to Europe’s best-paid bank CEO, according to a ranking that shows little correlation between executive pay and shareholder returns.
Insight to the tax evasion trial where former top executive for Swiss bank UBS AG was acquitted, with the banker Raoul Weil's lawyer Aaron Marcu of Freshfields Bruckhaus.
CNBC's Eamon Javers reports a jury has acquitted a former top executive at Swiss bank UBS AG Raoul Weil on tax evasion charges.
HSBC confirmed it had set aside $378m for fines relating to suspected manipulation of foreign exchange markets, amid ongoing talks with U.K. regulators.
HSBC is expected to set aside about $640 million to cover the cost of an investigation into suspected manipulation of FX markets. The FT reports.
European stocks ended the day firmly in positive territory on Tuesday, as investors prepared for a key monetary policy decision from the U.S.
UBS posted forecast-beating net profits of $802 million but warned on litigation charges of $1.9 billion.
Sergio Ermotti, CEO of UBS, says geopolitical issues need to be resolved before clients come back to the market with a "constructive attitude".
Sergio Ermotti, CEO of UBS, says he is confident the bank has started to address the litigation issues but the timescale for resolution is out of his hands.
Sergio Ermotti, CEO of UBS, says the ECB's stress tests were "credible and tough", adding that the banking sector still faces "a lot of headwinds".
China is asserting control over local government financing by filling the gap with a huge expansion of the fledgling municipal bond market.
The U.K. government plans to sell its stake in the Eurostar train operator that links Britain with the European continent, George Osborne announced.
Wall Street is spending more on the midterms than ever before—particularly in support of the GOP—but it's not from whom you might think.
A harsh northern hemisphere winter, OPEC supply cut and volatile geopolitics may send oil prices back towards $100 a barrel.