In a bold move, Tom Hayes has filed a lawsuit against UBS, claiming the bank maliciously prosecuted him to divert attention from senior executives in the infamous Libor scandal. After a decade of legal turmoil, Hayes seeks justice and punitive damages.
JPMorgan Chase is contesting a staggering $115 million legal bill from convicted fraudsters Charlie Javice and Olivier Amar, claiming their excessive charges are abusive and unjust. The bank argues that the costs go beyond any reasonable defense expenses.
In a pivotal move for the banking industry, Fifth Third has announced its acquisition of Comerica, creating a financial powerhouse with $288 billion in assets. This merger aims to enhance competitiveness and expand into high-growth markets, signaling a new era for regional lenders.
President Trump's executive order prohibits banks from discriminating against clients based on political or religious beliefs, raising questions about compliance and potential penalties for the banking industry. Can this order reshape how banks operate?
Wells Fargo is experiencing a significant turning point as the Federal Reserve lifts its $1.95 trillion asset cap, allowing for unprecedented growth opportunities. Analysts are predicting a surge in stock value, with optimism returning to investors.
In a landmark deal, Capital One has successfully acquired Discover Financial Services for $35.5 billion. CEO Richard D. Fairbank states this merger will redefine banking for millions. What does this mean for customers?
UBS is striving to limit its investment bank's size and hold more capital to appease regulators after acquiring Credit Suisse. With potential caps on its investment division, UBS aims to avoid excessive capital demands that could threaten its market position.
Last year, a Citigroup employee mistakenly initiated a transfer of $81 trillion, making a customer the wealthiest person ever—if only it had gone through! Discover the shocking details of this near miss and the bank's response.
