The Shanghai Stock Exchange will take measures against brokerages including a UBS unit and China International Capital for sell orders that caused stocks to plunge on December 20th, a bourse official said.
Wells Fargo was ordered by an arbitration panel to buy back about $94m of auction-rate securities from investors.
British authorities are preparing charges against several more bankers and traders in connection with the Libor-rigging scandal, the country’s top fraud investigator has revealed.
While there were plenty of other big surprises in 2013, no business story likely was more unique than bitcoin, the online simulated currency that threatened to shake up the global monetary system.
With the New Year now upon us, many have started to reflect on the past year and what they want to achieve in 2014 - and potentially sinking a lot of money in the process.
Ask Andrew Tyrie about 2013 and he explains that his year began 18 months ago.
When Frankfurt social worker Stefan Mohr needed a new location for the troubled children he works with to express themselves through spray paint and graffiti, it did not take him long to find a potential site.
Amazon's Kindle got the biggest bump in device activations on Christmas day, according to data from Flurry Analytics.
A federal judge on Friday approved Bank of America's $39 million settlement of a gender discrimination lawsuit by female brokers over objections that the accord would enshrine bias on Wall Street.
London-based economic consultancy, the Centre for Economics and Business Research (CEBR), says China won't eclipse the U.S. economy until 2028, much later than some analysts have suggested.
Standard Chartered has appointed Simon Cooper, 48, as CEO, Corporate and Institutional Banking (CIB). Simon will join the Group in April 2016. This appointment is subject to final regulatory approval.
Citi's Board of Directors has announced that it has elected Renee James and Ellen Costello as new independent directors, with service commencing January 15, 2016.
The decision to raise US interest rates for the first time in seven years could have negative effects on established startup businesses, investors have said, marking the start a new era of more cautious investment.