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Terry Smith could soon leave Tullett Prebon

Exit Sign

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 suffers worst sales for decades

Maggie In Hard Hat

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.

BofA makes another mistake

Bank Of America Corner Signs

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.