Ford CEO Alan Mulally has become the frontrunner to replace Steve Ballmer as CEO of Microsoft, technology website AllThingsD reported on Thursday.
The start of the next round of layoffs ?
JPMorgan's negotiations with federal and state authorities to resolve a series of investigations tied to mortgage bonds are focusing on a potential $11bn figure, including $4bn for consumer relief, a person familiar with the talks said.
Royal Bank of Scotland could create an internal 'bad bank' to house more of its problem loans, even if Britain decides not to enforce a breakup of the part-nationalised lender, banking industry and political sources say.
ICAP has reached settlement agreements with the Financial Conduct Authority (FCA) and the U.S. Commodity Futures Trading Commission (CFTC) relating to the involvement of certain brokers in the attempted manipulation of YEN Libor by bank traders between October 2006 and January 2011
Deutsche Bank has warned that investment banking revenue would be significantly lower in the third quarter and that it will set aside more money to deal with litigation.
The European Union politician behind controversial legislation to cap bonus payments dismissed the U.K. government's plans to challenge them on CNBC.
Citigroup has agreed to pay Freddie Mac $395m to resolve repurchase claims on soured mortgages sold to the government-backed firm over more than a decade.
U.K. prosecutors may bring another round of charges against traders and brokers linked to the Libor scandal as soon as next month, according to lawyers familiar with the investigation, now in its fifth year.
Prosecutors at the trial of five ex-employees of Bernie Madoff were barred from telling jurors about a sculpture of a screw their boss kept in his office after defence lawyers said the evidence would be crude.
The International Monetary Fund concluded its annual meeting in Lima with a warning to central bankers that the world economy risks another crash unless they continue to support growth with low interest rates.
Raoul Weil, a former UBS banker, faces tax-dodging charges in France less than a year after he was acquitted of U.S. tax conspiracy allegations.
A former trader at JPMorgan hatched a plan with a broker at ICAP to help Tom Hayes rig Libor by buttering up the bank’s new rate setter, according to recorded phone calls played to a London jury Thursday.