JPMorgan Chase has said it’s under federal criminal investigation for practices tied to sales of mortgage-backed bonds that the Justice Department has already concluded broke civil laws.
Diamond comes out of the rough.
The $2.5bn of settlements reached in the London interbank offered rate rigging scandal are compelling banks to hand over information in the probe of a separate financial benchmark tied to interest-rate derivatives.
Commerzbank, the German bank forced into an $24bn state bailout, said second-quarter profit slumped 84% as it set aside more cash for risky loans.
Groupon’s choice of Eric Lefkofsky as permanent CEO entrusts the daily deals site’s turnaround plans to a controversial Chicago billionaire with a history of failed endeavours.
Walmart has agreed to improve safety conditions at more than 2,800 stores in 28 US states after inspectors discovered "repeat and serious" health and safety violations at a store in Rochester, New York.
Mark Carney, the governor of the Bank of England (BoE) followed in the Federal Reserve's footsteps on Wednesday by linking the outlook for interest rates to unemployment, but experts are unconvinced of the advantages of his new plans.
U.K. job placements surged in July, according to a new report by KPMG, a day after the Bank of England said it would keep interest rates at record lows until unemployment falls.
The Bank of Japan met analyst expectations on Thursday as it kept its level of monthly purchases steady and its assessment of the economy unchanged at the conclusion of a two-day meeting.
In the wake of a radical move by Governor Mark Carney to keep interest rates low until 2016 is the Bank of England really moving forward?
The average price paid by Londoners for property has had hit a record high of 12 times earnings, and the gap between house prices in the capital and the UK’s other big cities is at its widest for 20 years, according to a an industry report.
The former chief executive of Volkswagen, Martin Winterkorn, will net a €1m (£740,000) annual pension from a €28.5m pot held with the disgraced carmaker, and could be in line for a €3.2m payoff after quitting on Wednesday.