The European Union accused 13 investment banks for conniving against rivals in the credit derivatives industry.

The government of India may allow foreign retail stores such as Walmart and Tesco to come into the industry without any of those conditions given that their multi-brand retail venture is less than 50%.

Canadian investors fear the lack of transparency and inappropriate conduct from Pakistani government.

TrimTabs has reported losses amounting to US$47.2 billion for bond mutual funds and bond ETFs. (Photo : Reuters)The image is the gold inset sign of Wall Street.

The chairman of the Chinese Banking Regulatory Commission allays fears of liquidity issues saying that the system has sufficient funds to cover all settlements.

SAC Capital’s Steven A. Cohen invoked his right to the Fifth Amendment after being summoned to testify before a grand jury about insider trading in his company.

Copano Energy announced today that the company has reached settlement for the claims that have risen from the acquisition of KMP last May 1.

European regulators directed RBS to sell its 315 branches next month corresponding to the state's terms in rescuing it.

Brevan Howard's trader who was supposedly involved in Libor investigation left the hedge fund. (Photo : Reuters)Citigroup official logo On Thursday, hedge fund, Brevan Howard, disclosed that it lost a trader who is supposedly associated with a large scale rate-rigging scandal.

The US Justice Department investigated the planned merger of American Airlines and US Airways, a deal which is expected to be completed by end of September.