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.
High-frequency trading firm Virtu on Thursday postponed its planned initial public offering, a source tells CNBC. The move comes amid increased scrutiny over the trading practice and a broadly soft IPO market.
Royal Bank of Scotland has been cleared of deliberately engineering the collapse of business customers but has decided to sell off a £3.2bn property portfolio at the centre of the row.
Hedge funds have suffered their worst start to the year in performance terms since the financial crisis, as returns in March and January were both in the red after a volatile quarter for equities, new data reveal.
That's around $127,000 a day!
Deeper cuts needed over the coming months.
Warren Buffett will be an adviser on the new series of the celebrity version of The Apprentice, and will be joined by some similarly big name stars, though none quite so prolific.
Considering restructuring its investment banking operations in Hong Kong and its fixed-income, currency and commodities division in London.
Frank Quattrone is handing the reins of Qatalyst Group to George Boutros, marking a major leadership change at the top of the Silicon Valley boutique investment bank.