The Securities and Exchange Commission thas announced that Citigroup Global Markets has agreed to pay a $7m penalty and admit wrongdoing to settle charges that a computer coding error caused the firm to provide the agency with incomplete “blue sheet” information about trades it executed.
British broker ICAP, said the fall in sterling after Britain's vote to leave the European Union has given it a "significant windfall benefit".
The top 350 US CEOs earned 5.1% less last year than in 2014, bringing home an average of just $15.5m, according to a report from the Economic Policy Institute.
Landmark buildings such as the head office of Coutts, the bank used by the Queen, are being prepared for sale as property funds look for ways to raise billions of pounds to meet the demands of investors who want their money back after the UK voted to leave to the EU.
Sterling tumbling, gilt yields at near record lows, balance of payments dire, business confidence flatlining: no wonder Mark Carney brought the eleven horsemen – and women – of the apocalypse with him to the Treasury select committee.
Citibank is shutting down certain accounts in Venezuela, much to the chagrin of the country's president.
'The right thing to do'.
'We are exactly where we should be to face the environment that we have'.
Bank of America said a Managing Director who accused the bank of being a "bro’s club" and filed a gender-bias lawsuit only came up with the inflammatory term after meeting with her lawyers.
Chef Stephen Harris describes his restaurant, the Sportsman, as a grotty seaside pub. It's in a former hotel on the Kent coast. The nearest neighbour is a run-down caravan site.
The founder of Sports Direct, Mike Ashley, is taking over as chief executive of the troubled sports retailer following the resignation of Dave Forsey.
A shakeup of Rolls-Royce, the engineering group, has claimed another victim with the chief executive, Warren East, replacing his chief financial officer.
John Stumpf's resignation is effective Thursday, a spokesperson for the San Francisco Federal Reserve said in a statement.