The Securities and Exchange Commission has charged UBS Financial Services of Puerto Rico and a former branch manager for failing to supervise a former broker who had customers invest in UBSPR affiliated mutual funds using money borrowed from a UBSPR affiliated bank.
Dick Bove likes Citigroup and its current management team but he says it needs to get out of the retail-banking business. Here's why.
Glencore has attempted to calm growing concerns about its finances, insisting that it is “operationally and financially robust” despite volatile trading in the commodity group’s shares.
Global stock markets are headed for their weakest quarterly performance in four years after a torrid summer that saw investor sentiment rocked by developments in the world's two largest economies.
Rising global interest rates could prompt a new credit crunch in emerging markets, as businesses that have ridden the wave of cheap money to load up on debt are pushed into crisis, the International Monetary Fund has warned.
George Osborne gets an opportunity to sell off another chunk of shares in RBS at the end of this month when the 90-day period from the last – and first – sell-down ends.
Now that's got to hurt.
'The key is to cut costs'.
A new report is trying to pour cold water on the idea that Silicon Valley is the place to find the best and most technology talent. Step forward...London.
In October 2011, things were looking bleak at Goldman Sachs’s commodities business. Revenue was down, competition was up, employee attrition was at an all-time high and new regulations were on the horizon.
The blue-chip FTSE 100 index could fall to lows not seen since 2011 if the UK votes to quit the EU, UBS analysts have warned.
A CNBC review of email search software found programs that monitor for conduct, which could be simply embarrassing or costly for a corporation.
Inter dealer brokers Tullet and Icap could avoid a lengthy probe into their merger, with the two firms proposing a sale of the latter's London-based oil trading desks.