A senior JPMorgan Chase risk officer was warned Bernard Madoff was suspected of running a Ponzi scheme nearly 18 months before the broker was charged with a $19.6bn fraud, according to a newly unsealed court filing.
HSBC is being sued for $9bn by the trustee trying to recover money for the victims of Bernard Madoff's fraud.
London's top stocks have given up some of yesterday's triple-digit gains in early trading, with the FTSE 100 down 0.72%.
Group files with US Securities and Exchange Commission to release index-based funds and actively managed ETFs
The Prudential chief executive Tidjane Thiam was under fire from shareholders last night after taking on a second high-profile job while trying to steer the insurer through a record takeover deal.
The Dow Jones is lower today after a surprise rise in the US jobless figures overshadowed an increase in August consumer spending.
Lloyds Banking Group is among the fallers in early trading on Wednesday on rumours it is close to securing a deal that will see some of its bad loans insured under the Government's asset insurance scheme.
The Dow Jones is higher this morning on improving house price data and a rebound in consumer confidence.
The Dow Jones has made a modest ascent this morning, with a good start for financials offsetting poor unemployment data.
The FTSE 100 rolled back some of yesterday's gains this morning, with Standard Chartered among the early casualties after announcing surprise plans to issue £1bn in new shares.