Barclays, one of the world’s biggest commodities traders, is planning to exit large parts of its metals, agricultural and energy business in a move expected to be announced this week.
Goldman Sachs is not quite ready to get out of the pool.
The city of Providence, Rhode Island, is suing dozens of Wall Street banks and other financial companies over high-frequency trading
The Royal Bank of Scotland has promised to sell off its controversial £3bn West Register property portfolio, a legacy of six years of business insolvencies in the wake of the 2008 banking crisis.
Barclays has announced a reshuffle of the senior management of its investment banking arm as the lender prepares to update investors next month on its plans for the business.
The number of fines given out by the main City regulator to senior executives in the financial services sector for misconduct or breach of rules has dropped by 40% in the past four years.
Ford Motor Co. must remove nearly all of the toxic paint sludge trucked from its former Mahwah plant-one the largest auto plant in the world-and dumped in Rockland County, NorthJersey.com reported Saturday.
New concerns about the security of jobs in the pharmaceutical sector will be raised this week amid speculation that Pfizer of the US has been in takeover talks with its struggling rival, the Anglo-Swedish group AstraZeneca.
Executives of Goldman Sachs and Morgan Stanley, America’s two largest former investment banks, announced positive earnings on Thursday yet seemed at a loss to explain or predict the path of the economic recovery.
One of the largest hedge fund firms in the world continues to make money quietly by focusing on beat up loans-despite the general perception that bonds have little to offer investors.
Credit Suisse has hired James Peterkin, from Barclays, to head its oil and gas team in Europe, the Middle East and Africa (EMEA), according to a memo seen by Reuters on Monday.
HSBC will not face formal action from the City regulator following revelations that the Swiss arm of Britain’s biggest bank helped clients to evade tax.
An Accenture Strategy study surveyed managers across the world and various industries to see how they felt about the automation trend.