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An ex-Goldman Sachs Group banker sued the investment bank for around £20.3 million ($22.9 million) to make up for his losing his job after he made whistleblowing allegations about regulatory failures.
October 18 -
The bank regulators said they are open to all possibilities as they sought input on potential changes to resolution policies for large regional banks, but that hasn't stopped policy specialists from reading between the lines.
October 18 -
Credit Suisse Group agreed to pay $495 million to settle the largest remaining case related to its role in selling residential mortgage-backed securities in the U.S. that contributed to the 2008 financial crisis.
October 18 -
Almost two-thirds of banking executives believe the U.S. will see its highest interest rates this cycle in the first half of next year. And close to 60% of executives said they are concerned the Federal Reserve is hiking rates too quickly.
October 18 -
The megabank set aside a larger provision for credit losses during the third quarter as delinquency rates in its credit-card business ticked higher. Still, executives argued that the U.S. consumer outlook remains strong.
October 17 -
BNY Mellon and Nasdaq are developing in-house digital-asset custody platforms for institutional investors, making them among the first in traditional finance.
October 17 -
The custody bank recorded a 59% drop in net income as a result of the goodwill impairment charge. New CEO Robin Vince sought to assure analysts that the one-time item does not reflect either a change in strategy or the well-being of the company's investment management business, which took the hit.
October 17 -
By applying its scale and expertise to security and compliance, the card network hopes to provide a comfortable option for cautious financial institutions and consumers.
October 17 -
The potential sale comes as Credit Suisse prepares to unveil a turnaround to investors next week. The bank is looking to simplify and pare down following scandals and losses.
October 17 -
Robinhood Markets is poised to succeed in pushing a female former engineer's claims about a "toxic culture of gender bias" at the company out of open court and into private arbitration.
October 17














