As iconic brands are snapped up and corporations merged and swallowed in a record-breaking whirl of deals, there has been one constant: Goldman Sachs.
Royal Bank of Scotland CEO Ross McEwan said the restructuring of the investment bank is 'very well advanced' and it will return to profit within four years, as he continues to shrink the division’s global operations to focus on U.K. and western European clients.
Wells Fargo is buying about 500,000 square feet of office space at 30 Hudson Yards and plans to relocate the New York headquarters of its securities unit to the skyscraper, which is under construction on Manhattan’s far west side.
The fall from grace for China’s biggest brokerage and investment bank, Citic Securities, has been fast and steep.
Norwegian entrepreneur Alexander Vik showed up in London court Friday to fight a claim that he hid assets to avoid paying more than $250m in legal fees to Deutsche Bank, saying that he owes double that to his own father.
Bankers call them “elephant deals” – blockbusting takeover bids that slam together vast global businesses.
The accountancy regulator is facing renewed pressure to open an investigation into the auditors of HBOS in the runup to its near-collapse in 2008.
Royal Bank of Scotland has become embroiled in another scandal after admitting that it was wrong to deny sitting on almost quarter of a million pounds of customer money.
The CNBC All-America Economic Survey found 34 percent of respondents "very worried" about a major terror attack in the United States.
The final nude Playboy is out. We break down some of the business numbers behind the magazine.
Landmark buildings such as the head office of Coutts, the bank used by the Queen, are being prepared for sale as property funds look for ways to raise billions of pounds to meet the demands of investors who want their money back after the UK voted to leave to the EU.
Sterling tumbling, gilt yields at near record lows, balance of payments dire, business confidence flatlining: no wonder Mark Carney brought the eleven horsemen – and women – of the apocalypse with him to the Treasury select committee.
Citibank is shutting down certain accounts in Venezuela, much to the chagrin of the country's president.