Speculation that Larry Summers is the favored candidate to take over Bernanke as Fed chief has resurfaced in recent weeks, prompting a strong backlash, with one going as far as labeling his potential appointment as a "black swan" event.
If true, this is a new low.
A probe of JPMorgan's hiring practices in China has uncovered red flags across Asia, including an internal spreadsheet that linked appointments to specific deals pursued by the bank, people with knowledge of the matter said.
About 40 percent of the highest-paid CEOs in the United States over the past 20 years ended up being fired, paying fraud-related fines or settlements, or accepting government bailout money, according to a study released Wednesday.
Josef Ackermann, the chairman of Zurich Insurance Group, has resigned after indicating that he felt pressured to take part of the responsibility for the death of Chief Financial Officer Pierre Wauthier, the firm announced on Thursday.
After reports that U.S. authorities are seeking over $6 billion in damages from JPMorgan related to a string of allegedly mishandled mortgage securities, energy trading, and overseas hiring practices, the "Squawk on the Street" team dissected the situation for America's largest bank.
Ladbrokes has picked Nokia Oyj Chief Executive Officer Stephen Elop, who has presided over a 62 percent decline in market value, as the favorite to become Microsoft Corp's new CEO.
As the Indian rupee slumped to a fresh record low, economist Stephen Roach warned that the global economy is in the early stages of another crisis, as taper talk spurs severe stock market corrections, interest rate hikes and currency deflation around the world.
Ryanair has been ordered by the competition commission to sell down its 29.8% stake in Aer Lingus to 5%, in a move that crushes the airline's ambitions to take over its Dublin-based rival.
The justice secretary, Chris Grayling, has called in the City of London police to investigate alleged fraud by Serco staff working on a £285m contract to transport prisoners to and from courts across London and East Anglia.
Betrayed, dazed and confused, some call it high treason inside Merrill Lynch.
Citigroup has hired two investment bankers focused on giving advice to retail companies from Credit Suisse, people familiar with the matter said on Friday.
From drinks to energy and pharmaceuticals, corporate Europe has had its fair share of high-profile merger and acquisition (M&A) deals this year. And it's unlikely to end there, according to HSBC.