Citi's Board of Directors has announced that it has elected Gary M. Reiner and James S. Turley as new independent directors.
A large hedge fund that invested in shares of the government-sponsored mortgage companies Fannie Mae and Freddie Mac has sued the U.S. Treasury Secretary, and the head of the Federal Housing Finance Agency, along with the agencies themselves, arguing that their attempts to wind down the companies violate a Congressional mandate.
A devastated London-based trader threw himself in front of a train after being ‘pressured’ into leaving his job, an inquest heard last week.
Citigroup has asked a court to throw out William Salomon’s lawsuit accusing the bank of supplying the former Wall Street banker and son of the founder of Salomon Brothers with a personal secretary who was later convicted of stealing from him.
Credit Suisse will face a $700 million legal battle in London's High Court in October 2014 over the sale of rights to one of the largest onshore oil and gas projects in Azerbaijan, according to spokespeople for both sides.
Nothing is easy over at RBS these days.
The International Monetary Fund (IMF) could be forced into an embarrassing U-turn this week and upgrade growth forecasts for the U.K, analysts said on Monday.
A cash machine that accepts the virtual currency bitcoin is set to be distributed around the globe this summer, according to its maker Lamassu, which expects pre-orders for the technology to be placed soon.
South Korean tech giant Samsung holds on to the title of Asia's top brand out of 1,000 competitors for a second year in a row, beating key rivals such as Apple, according to a new survey published on Monday.
SSP, the operator of food and beverage brands in travel locations, has announced that it has appointed Kate Swann as Chief Executive Officer effective from September 4.
A New York regulator has joined a federal probe of banks that serve as primary dealers in the $12.8tril U.S. Treasuries market in an effort to determine whether traders colluded.
Global rules for foreign exchange traders will make it easier for the authorities to root out the bad apples in the market, central bankers have said, as they seek to clean up the industry in the wake of a series of scandals.
Taxi drivers have staged rallies in Melbourne and Sydney demanding state governments outlaw the ride-sharing service UberX.