Mizuho Financial Group’s President Yasuhiro Sato will give up six months of pay for failing to stop loans made to criminal groups as the bank awaits further penalties from regulators.
UBS, said it probably won’t be able to reach its profitability goal in 2015 after the Swiss regulator demanded the company hold more capital for risks related to litigation.
Oil giant BP on Tuesday reported forecast-beating profit for the third quarter and hiked its dividend by 5.6 percent.
Federal prosecutors are close to finalizing a settlement with SAC Capital that would end a painful chapter for the embattled hedge fund, according to people familiar with the matter, who added that a deal could be announced as early as this week.
Reports that Emirates Airline was poised to sign a $30 billion 100-jet deal with Boeing drew a swift refusal to comment from the carrier on Monday.
Goldman Sachs is a master at making money, but lately it has become a master at giving it away too.
More than a third of companies are planning mergers or acquisitions within the next year, according to an Ernst & Young (EY) survey of senior executives across 70 countries, as confidence grows in the global economic recovery.
Mizuho Financial Group said on Monday that the chairman of its banking unit, Takashi Tsukamoto, will resign, while its president will take a six-month pay suspension, following a loans-to-mobsters scandal.
After 17 months, Bob Greifeld’s Nasdaq OMX is one step closer to moving past its Facebook IPO nightmare.
For the foreign-exchange sales team in Citigroup’s London office, Dodd-Frank regulations mean extra hours at work.
Two former JPMorgan traders living abroad who face U.S. charges over the bank's $6.2bn 'London Whale' scandal won a bid on Wednesday to avoid sitting for a deposition in New York, where their lawyers say their arrest is likely.
Every organisation stands on the strength of its people.
A near-$1bn money laundering scandal in New Delhi is threatening to ensnare some of the country's largest banks.