Alliance Trust is facing a new battle over strategy and governance as activist hedge fund Elliott Advisors pushes for the appointment of three new directors to the board of the Dundee-based investment group.
The French financial state prosecutor has requested that HSBC’s Swiss private bank be sent to criminal trial over a suspected tax-dodging scheme for wealthy customers.
A year after his "Flash Boys" book rocked Wall Street, Michael Lewis says the market's "invisible scalp" persists.
The Bank of England has warned the financial community against complacency in the wake of a series of “short sharp shocks” in markets over recent months that it said could happen more frequently.
'Does he want to make the investment bank profitable or just run it down ?'
The culture will begin to change.
Male life expectancy will climb to 95.1 years for men and 96.6 for women
Citigroup CEO Mike Corbat told employees that the bank's stress test work is 'far from over', despite the Federal Reserve raising no objections to Citi's capital plan.
Nelson Peltz’s Trian Partners is rebuffing a request by fellow activist Marcato Asset Management to remove Bank of New York Mellon Chief Executive Gerald Hassell from his job, the FOX Business Network has learned.
UBS has revised down its fourth-quarter net profit by $104.5m primarily because it increased litigation provisions to $3.03bn.
Exchange operator Bats Global Markets on Thursday priced its long-awaited initial public offering at $19.
Barclays is set to end its search for a new boss for its investment banking division. The bank had earlier sought to find a replacement for Tom King, its former chief executive of the investment division, who retired in February.
A Morgan Stanley managing director was charged by police after following and confronting a woman whose car he suspected had recklessly cut him off — four days earlier — on a Connecticut highway, police and the executive's own lawyer said.