BP has won permission to drill in the clear waters off Greenland, just three and a half years after abandoning similar plans to apply for a licence in the aftermath of the Deepwater Horizon blowout.
The US economy is losing up to a billion dollars a week because of the “fiscally irresponsible” decision to end long-term unemployment benefits, a Harvard economist said on Friday.
Attractive chief executives (CEOs) receive higher total compensation, better returns on their first days on the job and boost stock performance when they appear on television, according to the preliminary findings of a new study.
Royal Bank of Scotland has settled lawsuits with Gary Cottle, the former head of risk at its investment banking division, over a $1.2m bonus.
A former Deutsche Bank executive can take two Los Angeles policemen to trial over claims they beat him in May 2012 while he was in a neighbourhood to visit a medical marijuana dispensary, a judge ruled.
Bloomberg's Laura Marcinek reports on the banking industry and Wall Street bonuses on Bloomberg Television's 'In The Loop'.
Citigroup paid $250m to taxpayer-owned Fannie Mae and Freddie Mac to settle a lawsuit over soured mortgage securities, the regulator of the two housing finance firms said on Thursday.
Deutsche Bank has settled a U.S. lawsuit in which shareholders accused it of misrepresenting its ability to handle risks associated with mortgage debt prior to the 2008 financial crisis.
Clinical trial results are being routinely withheld from doctors, undermining their ability to make informed decisions about how to treat patients, an influential parliamentary committee has claimed.
Shell is to pay relocation costs for its outgoing chief executive Peter Voser to move back to his native Switzerland after he quit to spend more time with his family.
Royal Bank of Scotland may have to deepen cost cuts at its investment bank to boost profitability, said analysts at Citigroup and Jefferies International.
I wanted to write a book about bankers because finance seems to have replaced politics, with democracy beginning to feel like a system that allows voters to decide which politician gets to implement what “the markets” dictate.
Tullett Prebon has said it will acquire Icap’s global interdealer broking business for £1.1bn in an attempt to combat falling profits in a sector struggling from shrinking trading volumes.