Shares of China National Nuclear Power (CNNPC), a unit of one of the country's two state nuclear reactor builders, rocketed by 44 percent in its debut on the Shanghai Stock Exchange on Wednesday.
Drip, drip, drip.
'We recognize that the world has changed and we need to change with it'.
When the two executives who lead Deutsche Bank unexpectedly announced their resignations on Sunday, pressure from angry shareholders was widely seen as the chief factor.
The Justice Department is looking into possible fraudulent manipulation of the $12.5tril Treasurys market, The New York Post has learned.
UBS plans to transfer assets and operations into a new Swiss unit on June 14 to meet regulatory demands to make the company easier to break up in a crisis.
Navinder Singh Sarao will never rank among the most notorious inmates of HM Prison Wandsworth.
John Cryan helped resuscitate UBS as finance chief after its state bailout. In leading Deutsche Bank, he may face an even tougher challenge.
Investment bank Jefferies has sued a former client for about $8m in unpaid fees linked to Vodafone Group’s multi-billion-dollar takeover of Spanish cable operator Grupo Corporativo Ono SA.
HSBC is to cut 8,000 jobs in the UK in a move that will see its name and red hexagonal logo disappear from the high street after 15 years.
Deutsche Bank Chairman Paul Achleitner has become the latest global banking leader to warn about the potential fallout if U.K. voters decide to leave the European Union.
New research shows a Brexit could dent mergers and acquisitions and lead to talented financial professionals leaving the City.
Banks are facing their toughest squeeze on profitability in nearly two years as fierce competition in the financial services industry puts pressure on bottom lines.