If true, this is a new low.
A probe of JPMorgan's hiring practices in China has uncovered red flags across Asia, including an internal spreadsheet that linked appointments to specific deals pursued by the bank, people with knowledge of the matter said.
About 40 percent of the highest-paid CEOs in the United States over the past 20 years ended up being fired, paying fraud-related fines or settlements, or accepting government bailout money, according to a study released Wednesday.
Josef Ackermann, the chairman of Zurich Insurance Group, has resigned after indicating that he felt pressured to take part of the responsibility for the death of Chief Financial Officer Pierre Wauthier, the firm announced on Thursday.
After reports that U.S. authorities are seeking over $6 billion in damages from JPMorgan related to a string of allegedly mishandled mortgage securities, energy trading, and overseas hiring practices, the "Squawk on the Street" team dissected the situation for America's largest bank.
Ladbrokes has picked Nokia Oyj Chief Executive Officer Stephen Elop, who has presided over a 62 percent decline in market value, as the favorite to become Microsoft Corp's new CEO.
As the Indian rupee slumped to a fresh record low, economist Stephen Roach warned that the global economy is in the early stages of another crisis, as taper talk spurs severe stock market corrections, interest rate hikes and currency deflation around the world.
Standard Chartered Bank has announced the appointment of Donna Parks as chief risk officer and regional credit officer for the Americas, based in New York.
Man Group, the world’s biggest publicly traded hedge-fund manager, is shutting a range of products that aimed to protect clients from losses after they failed to meet performance targets.
Now that's flower power!
Barclays will become the focus of the bank reporting season this week amid speculation it is to appoint former investment banker Jes Staley as its new chief executive.
Citigroup’s plans to join an exodus of global banks from stakes in Chinese lenders leaves the focus on HSBC, the only one with a major holding in a big bank after earlier exits by the likes of Bank of America and Goldman Sachs.
US bank SunTrust has pulled a U-turn on a policy requiring laid-off IT workers to provide the company with assistance for no compensation for two years after they have been let go, the company told the Guardian on Friday.