Former SAC Capital portfolio manager Mathew Martoma lost a bid to remain free while he fights a conviction for perpetrating the most lucrative insider-trading scheme in U.S. history, as a federal judge expressed doubt that his appeal will succeed.
A new Ebola vaccine could be ready to send to West Africa within the next three months, NewLink Genetics Chairman and CEO Charles Link says.
Royal Bank of Scotland has escaped €115m of fines for alerting the European commission’s competition watchdog to two attempts to fix the prices of key interest rates.
'In the new world, pay.... may well have further to adjust'.
Banks must change the way employees are compensated and take other steps to fix a corporate culture that encourages misdeeds or face being broken up, said William C. Dudley, president of the Federal Reserve Bank of New York.
The cost for banks to settle probes into allegations traders rigged foreign-exchange benchmarks could hit as much as $41 billion, Citigroup analysts said.
A former Barclays Plc unit managing director in Latin America sued the company over its pullback from the region, claiming the bank broke a contract with him and violated New York human rights laws for allegedly discriminating against employees of Latin American descent.
Asked if he'd want his old job back, Mohamed El-Erian tells CNBC: "No, I'm really happy with my life."
Spare a thought for Warren Buffett, who lost nearly $1 billion on IBM on Monday and another $1 billion on Coke on Tuesday.
The Janus Global Unconstrained Bond fund saw inflows jump over 500 percent in September after Bill Gross left Pimco to manage the fund.
Creating a culture that encourages workers to get more sleep can be a boon to your business, Aetna Chairman and CEO Mark Bertolini tells CNBC.
Royal Bank of Canada hired senior traders from Credit Suisse and Goldman Sachs for its investment-grade sales desk as the firm also realigned its New York credit-research operations.
Credit Suisse, the third-biggest investment bank by revenue last year in Brazil, is cutting nine executives from its fixed-income and structured-products business in the nation amid an industry slump, said two people with knowledge of the matter.