A field of 25 bidders has been narrowed to a final few who want to buy a Times Square hotel infamous for winning a dubious "dirty" honor.
The value of potential takeovers yanked from the market is at its highest level since the height of the global credit crisis in 2008, according to market statistics firm Dealogic.
He argued at trial that his managers pushed him to take too many risks and that rule-breaking at the bank was rampant.
Russian investment banking activity has been hit this year by the faltering economy and the Ukraine crisis, putting pressure on Moscow bankers to get creative in offering local firms different ways to raise capital instead of the standard fare of international share and bond issues.
The Blankfein era has no end in sight.
That sinking feeling.
Terry Smith, the chief executive of Tullett Prebon and a prominent figure in London's financial circles, could leave the interdealer broker as early as the end of June, a source familiar with situation told Reuters on Tuesday.
Tesco has suffered its worst sales performance in decades, piling the pressure on its chief executive, Philip Clarke, who is struggling to revive Britain's biggest retailer as it grapples with extra competition from discounters such as Aldi and Lidl.
Bank of America said it sent incorrect data to a U.S. regulator that made its private stock trading platform look bigger than it actually is.
Paul Taubman, former president of Morgan Stanley, is no longer a solo practitioner in providing advice to corporations, CNBC's David Faber reports.
Fancy buying a £300,000 gold bar? And need somewhere safe to keep it? London’s first one-stop shop for those who want to buy gold bullion is opening its doors in Mayfair, offering investors the chance to buy coins and bars and pop them straight into a safety deposit box – all in the same elegantly decorated showroom.
BNP Paribas will outsource its Asian equities trading platform to global electronic brokerage Instinet to save costs as part of a broader overhaul of its regional cash equities business, both companies told Reuters.