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.
Barclays is considering a retrenchment from continental Europe which could include the sale of its business in France, Spain, Italy and Portugal as part of its strategic review to be unveiled this week.
Profit at Barclays' investment bank almost halved in the first quarter after a slump in income at its rates and currency business.
SAC Capital Advisors’ Michael Steinberg, convicted of insider trading in December, should be sentenced to no more than two years in prison, less than half the sentence recommended by the court’s probation department, his lawyers said.
France is under renewed pressure to cut its budget deficit, after the European Commission forecast it would miss its 2015 reduction target.
Carl Icahn copped to a having a " fighting gene " when it comes to his approach to corporate governance-an observation made by Berkshire Hathaway's Warren Buffett on Monday.
Shareholder activists on Monday called for the board of McDonald’s to cut the wage of chief executive Donald Thomson, citing poor performance and the massive gap between his wages and the average fast-food worker.
Movement of the people.
Andrew Hubbard, Credit Suisse’s head of structured credit trading in the U.S., left the bank amid a slump in the market in which he specializes.
Japan's central bank chief predicts the effects of sales tax hike to be contained and economic recovery to resume in the third quarter.
An unfashionable area now the place to be.
One banking chief has revealed he might not be receiving as hefty a bonus as he might be accustomed to this year.
George Osborne’s overhaul of the stamp duty tax regime has cost the taxpayer well over half a billion pounds in lost revenue last year, new research today reveals, as sales of high-end homes slowed and investors switched tactics to avoid paying huge premiums on purchases.