Nearly a month after former Citigroup chief executive Sandy Weill called for the break-up of the biggest U.S. banks, current Citi CEO Vikram Pandit told the Financial Times that the bank is sized just right.
How to define ‘subprime?’ The answer may determine the fate of the government’s case against three Read More
The New York State Department of Financial Services, which threatened to revoke Standard Chartered Bank’s license this week over allegations the firm conducted $250 billion in transactions with Iranian banks, is talking settlement with the British bank, according to The New York Post.
Standard Chartered’s lawyers believe there’s a case to sue DFS Read More
Faceplant: UBS saw profit fall 58 percent in the second quarter. The firm wasn’t helped by a $356 million loss connected to Facebook’s initial public offering, in which technical glitches at Nasdaq caused UBS to buy more shares than its clients had ordered. “We will take appropriate legal action against Nasdaq to address Read More