JPMorgan expects to be fined by authorities over last year’s $6.2bn trading loss, which led to criminal charges against two former employees, said a person familiar with the matter.
Royal Bank of Scotland is unlikely to face a breakup as the costs would outweigh the benefits, Fitch Ratings said.
Firing an employee in public might be gratifying for a boss, but it's not likely to rally the troops or assure investors. And it may result in an ugly legal battle.
They flaunt their cash around the world, buying soccer clubs, owning airlines and running banks. Now the Emirati Royal Family rules the waves too after ranking first in a league table of owners of the world's biggest mega-yachts, knocking billionaire Roman Abramovich off the top spot.
Barclays will be conducting its £6bn cash call without a finance director after confirming Chris Lucas is to leave on Friday due to ill health.
The euro area is turning into more of a help than a hindrance for the world economy.
See ya later poms.
How big is too big for a banking system? It is a question that has been posed many times since the 2008 crisis when the phrase 'too big to fail' entered the lexicon as taxpayers were forced to bail out their banks or face financial meltdown.
The U.S. may announce charges as early as today related to trading losses sustained last year, a person familiar with the matter said.
Commonwealth Bank of Australia posted record second-half profit as earnings from wealth management rose and bad-debt costs shrank.
Grading the U.S. economy, the rosiest scores from two billionaires on CNBC would average about a 68, equal to a D+ on a report card.
The overnight boom in tech stocks made a few billionaires even richer when they woke up Friday — and helped Bill Gates fend off a brief challenge to his title as world's richest man.
U.S. equities closed sharply higher after the Chinese central bank cut rates and after three tech giants posted better-than-expected earnings.