BNP Paribas said it already meets more stringent global standards on leverage and doesn’t plan further asset cuts.
Allen Stanford - who has at one time or another been represented by 18 different attorneys - has decided the best person for the job is himself. Stanford, who has no legal training, says he is invoking his right to represent himself.
The Bank of England has voted to leave UK interest rates at their current record low of 0.5% and decided against a further round of government bond-buying, amid signs of recovery in the UK economy.
RBS becomes a headache for Citi.
The economy is a lot bigger than we think, but no thanks to Kim Kardashian and her cohorts in the world of reality TV.
The hedge fund battle over Herbalife intensified on Wednesday as George Soros has taken a large long position in the nutritional supplements maker, according to sources.
I figure the headline got your attention. After all, s.x sells.
Royal Dutch Shell reported a 20 percent drop in second-quarter earnings on Thursday as higher costs, exploration charges, exchange rate effects and challenges in Nigeria took their toll.
French banking group Societe Generale reported forecast-beating second-quarter earnings on Thursday which more than doubled from the same period a year ago, despite tough conditions in Europe.
Barclays' cash call on Tuesday, aimed at boosting its capital strength and meeting another hefty mis-selling charge, could bode ill for other U.K. banks such as Lloyds, analysts said.
Here's a quick look at some of our favourite 'business'-related quotations.
An economist for HSBC in Moscow became the latest to join a Russian state institution as profits in the financial industry suffer from the country’s first recession since 2009.
A former Morgan Stanley broker pleaded guilty to trading on insider corporate tips he got from a middleman who showed him secret notes before chewing and swallowing them at New York’s Grand Central Terminal.