Warren Buffett is best known as an extremely wealthy investor. But he's also a skilled businessperson. Here are some of the keys to his success.
'A substantial portion of what has been written in the press and other media over the past few weeks is inaccurate, untrue or hyperbolic, and I apologize to those who have been affected thereby.
Top bosses at Standard Chartered admitted the bank’s performance had been disappointing as they announced plans to axe 100 branches in a $400m (£250m) cost-cutting drive to win back support from disgruntled investors.
The Justice Department rejected a claim by a former UBS trader in Switzerland that the U.S. doesn’t have jurisdiction over him, and that charges he conspired to manipulate benchmark interest rates should be thrown out.
Banks suspected of rigging the $5.3tril-a-day currency market are preparing to reach settlements as early as this week with the main U.S. derivatives regulator, according to a person with knowledge of the cases.
'Something smells really bad – I want to get out of here', the message said
HSBC, one of the largest hedge fund investors in the world, has recently lost four senior people in the private banking unit that is responsible for picking the best money managers for their wealthy clients.
Germany is home to Europe's best-paid bank CEO, according to a ranking that shows little correlation between executive pay and shareholder returns.
Nomura Asset Management U.K has appointed Richard Hodges and Ben Bugg to extend its presence in the global fixed income space.
About 80 families of US soldiers killed in Iraq together with several surviving military veterans who were wounded in roadside bombings are suing five European banks for damages on grounds that they allegedly siphoned money to Iran that was then used to finance the attacks.
Ever since Bernie Madoff’s Ponzi scheme collapsed in 2008, it’s been much-rumored that investors included tax dodgers shielding money from the IRS, drug dealers who laundered proceeds through the con man and wealthy moguls hiding assets from ex-spouses.
The new chairman of Alliance Trust has pledged to get women on to its all-male board after a turbulent year for the Dundee investment firm, which reported a fall in 2015 profits.