Company hires former Barclays and JPMorgan bankers with experience in energy.
A New York regulatory investigation of Lloyd’s for possible violations of Iran sanctions law has led to a government request for files of an internal probe by the insurer, a person familiar with the matter said.
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.
Fresh signs the UK economy is losing steam amid a global slowdown will force the Bank of England to keep interest rates at their record low this week.
Marks & Spencer has belatedly jumped on to the retail loyalty card bandwagon with its new Sparks offering, which rewards customers with in-store events, fashion previews and early access to online sales.
Two mainstays of the private equity industry, Apax and TPG, found themselves in a European court last week in a legal dispute that thrust the workings of buyout groups into the spotlight.