ExxonMobil, the world's largest publicly traded oil company, on Thursday reported an 18 percent decrease in quarterly profit on weak refining margins.
Citigroup and JPMorgan are putting their top London currency dealers on leave after regulators probing the manipulation of foreign-exchange rates started investigating the traders’ use of an instant-message group, three people with knowledge of the moves said.
Independent, employee-owned, international financial services firm Baird has announced that it has signed a lease and will move its London operations to a comprehensively redeveloped office building, Finsbury Circus House at 15 Finsbury Circus in London’s financial district.
Morgan Stanley will take a 30% stake in Mitsubishi Financial Group’s Japanese wealth-management business in the latest partnership between the two banks, according to a person briefed on the matter.
Entrepreneur Suki Sandhu is the founder of Top 50 LGBT Business Leaders and also runs the recruitment company Audeliss. Suki is the subject of our latest 60 second interview.
Bank of America have said the Department of Justice may file another suit tied to mortgage bonds and raised its estimate of possible added losses from legal and regulatory matters by 82% to $5.1bn.
Lazard Capital Markets, the closely held brokerage controlled by current and former Lazard employees, said CEO William Buchanan resigned after the firm completed its strategic review.
An Italian judge has rejected a prosecutors' request to seize around $222m of funds from JP Morgan as part of an investigation into Banca Monte dei Paschi di Siena's acquisition of a smaller rival, a source with direct knowledge of the matter said.
Alcatel-Lucent, the French telecoms giant, just needs "a few additional quarters to really turnaround," its chief executive told CNBC as it announced reduced losses in the third quarter.
The owner of Madame Tussauds waxworks and the Legoland theme parks has launched the latest in a new wave of London flotations, in a move that will value the stakes of its private equity backers at billions of pounds.
Barclays Chairman John McFarlane said some observers of the lender have 'jumped to conclusions' about the firm’s strategy if former senior JPMorgan banker Jes Staley becomes chief executive officer.
Credit Suisse no longer wants to act as a market maker for European government bonds, the bank said.
A former trader in Rabobank's Tokyo office testified on Thursday against two former colleagues, citing a 'culture' among the bank's traders of manipulating Libor to benefit their own trading positions.