Warren Buffett, who invested $5bn in Bank of America, said he’s confident the lender will overcome an accounting mistake that forced the firm to suspend an increased payout to shareholders.
Credit Suisse, facing the prospect of U.S. criminal charges for aiding Americans’ tax evasion, created a separate legal entity late last year to house the businesses involved.
An activist investor has just bought the most expensive residential property in the country.
Barclays has given up two stories of prime office space in Singapore’s financial district, which has been leased to LinkedIn, people familiar with the matter said.
U.S. prosecutors plan to drop two securities fraud charges against former Galleon Group hedge fund portfolio manager Rengan Rajaratnam, the younger brother of Raj Rajaratnam, who founded the firm and was convicted of insider trading in 2011.
Bayer will acquire the consumer care business of U.S.-based Merck & Co for $14.2 billion in cash, the company said in a statement Tuesday.
There are 277 million users on LinkedIn, according to the company’s latest results, and many of them — though not all — are probably competing for the same jobs.
JPMorgan said Wall Street’s trading slump has deepened and could last through the second quarter.
UBS posted first-quarter profit that beat expectations on Tuesday, as Chief Executive Sergio Ermotti pledged to pay a special dividend to investors in return for a revamp in the bank's corporate structure.
Credit Suisse is in talks with the U.S. Justice Department to pay as much as $1.6bn to resolve an investigation into the bank's role in helping Americans evade U.S. taxes, a person familiar with the matter said on Monday.
Rarely have financial markets had a more traumatic start to the year. Shares plunged, the price of oil clattered to its lowest level in 11 years, trading on the Chinese stock market was halted twice, and the World Bank warned that a “perfect storm” might be brewing.
The Financial Conduct Authority is "not going soft on banks", its interim chief executive Tracey McDermott said after the regulator dropped probes into the banking industry.