A U.K. probe into Barclays Plc's dealings with Qatar’s sovereign-wealth fund during the financial crisis has shifted to look at whether transactions were properly disclosed, the Financial Times reported.
BNP Paribas Chairman Baudouin Prot plans to step down this week, according to two people with direct knowledge of the decision. He would be at least the second senior banker to resign since the bank’s $8.97 billion fine for violating U.S. sanctions.
Apple's $3-billion acquisition of Beats earlier this year helped co-founder Dr. Dre jump to the top of Forbes' Hip-Hop Cash Kings list - but a hefty tax bill means he's not a billionaire just yet.
A month after bolting barefoot from the courthouse , a New York City investor relations executive returned to court and pleaded guilty Wednesday in an insider trading case. It was his 52nd birthday.
US regulators are seeking to shut down Butterfly Labs, a Missouri-based company they allege deceptively marketed specialised computers designed to produce the virtual currency bitcoins.
Change or die ?
And all over 'the right to light'.
Barclays was fined twice in one day for client account failures in the U.K. and the U.S., hurting the bank’s effort to rehabilitate a tarnished image. It agreed to pay a total of $77 million in penalties.
Mitesh Parikh, Goldman Sachs' European head of spot foreign-exchange trading, is joining hedge-fund firm Balyasny Asset Management LP after 12 years at the bank, said a person with knowledge of the plans.
Credit Agricole’s complaint that European Union regulators showed bias in their rate-rigging probe is under investigation by the EU’s ombudsman.
Credit Suisse, whose shares have lost about 40% since CEO Tidjane Thiam announced an overhaul in October, “hasn’t worked” as a long-term investment for one of its biggest shareholders, Harris Associates.
Australia & New Zealand Banking Group, which in 2015 posted its slowest profit growth in seven years, plans to cut 12 jobs in its markets division to reduce costs.
Morgan Stanley, a Wall Street trading firm and brokerage lacking a single bank branch, is making a push to grab $50bn in deposits held at rivals.