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SAC, prosecutors are ready to settle: Sources

Shaking Hands

Federal prosecutors are close to finalizing a settlement with SAC Capital that would end a painful chapter for the embattled hedge fund, according to people familiar with the matter, who added that a deal could be announced as early as this week.

One-third of global firms plan acquisitions: Survey

Lanes Merge Road Sign

More than a third of companies are planning mergers or acquisitions within the next year, according to an Ernst & Young (EY) survey of senior executives across 70 countries, as confidence grows in the global economic recovery.

Mizuho: Bank chair to resign after loans scandal

Departure

Mizuho Financial Group said on Monday that the chairman of its banking unit, Takashi Tsukamoto, will resign, while its president will take a six-month pay suspension, following a loans-to-mobsters scandal.

C Suisse names UK CEO

Bank Of America & Credit Suisse - Canary Wharf

Credit Suisse has named Garrett Curran as its new UK chief executive, taking the role left vacant by the departure of James Leigh-Pemberton to manage Britain's stakes in its part-nationalised banks.

Commuter chaos in UK as storm strikes

Storm Clouds Mattnolt Scx Hu

Hurricane-force winds have disrupted power and transport networks across southern Britain Monday as one of the strongest storms in decades hits the country during rush-hour.

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Deutsche Bank - Foyer Bridge

People News: Deutsche Bank, UBS

Deutsche Bank appointed Berthold Fuerst and Richard Sheppard co-heads of mergers and acquisitions for Europe, Middle East and Africa, according to an internal memo.