Centrica, the owner of British Gas, is in talks with Ian Conn, one of the BP's most senior executives, about taking over from the current chief executive, Sam Laidlaw.
The International Monetary Fund has raised its forecast for Britain's GDP growth rate for the second time this year, heaping further embarrassment on the Washington-based organisation following its warning in 2013 that George Osborne's austerity policies were "playing with fire" and could trigger a slump.
Summer associates on Wall Street are no doubt learning a lesson this week about how to think like a trader when the world is on fire.
A $5.6bn hedge-fund unit of UBS hired former Credit Suisse corporate-debt trader Nathan Bohn as it expands its credit group.
U.S. authorities' $8.9bn settlement last month with BNP Paribas for sanctions busting will pay for New York cops to get live computer feeds of street crime and for new carpets in the offices of prosecutors, among many other things.
Carlyle Group’s David Rubenstein looks to be the last man standing in a long-running bid-rigging suit against the biggest buyout firms.
A U.S. federal judge on Wednesday dismissed a shareholders' lawsuit claiming JPMorgan board members knew about Bernard Madoff's Ponzi scheme and ignored red flags signaling his massive fraud.
The drama at Portuguese lender Banco Espirito Santo (BES) resumed on Thursday with a former CEO of the bank being held by police in Lisbon.
Wal-Mart says U.S. CEO Bill Simon is leaving the company and will be succeeded by Greg Foran.
Credit Suisse’s decision to exit the commodities-trading business will probably result in about half of the unit’s 80 workers globally being cut, people briefed on the matter said.
Standard Chartered is at risk of having its rating cut by Standard & Poor's, it was revealed today.
Barclays is preparing to scale back its global ambitions by selling off its once-prized African operations.
The planned merger of the London Stock Exchange with Germany’s Deutsche Börse will result in a company with its main public listing in the UK capital.