After a decade of investigations, US authorities last September decided to move "as quickly as possible" to fine HSBC on money laundering charges that the Treasury Department concluded were the most "egregious" it had ever seen, according to newly released documents.
The Chinese walls put in place on Wall Street from a decade-old legal settlement, separating investment banking business from analysis, may be crumbling down, a new study suggests.
Preqin’s May edition of Hedge Fund Spotlight reveals over half of industry capital is managed by the top 100 hedge fund managers, ranked by assets under management (AUM).
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It's important that the Sony board examine activist investor Dan Loeb's proposal to spin off part of the entertainment business and it's premature to speculate on what will happen, CEO Kazuo Hirai told CNBC's "Closing Bell" on Thursday.
The U.K. could post better-than-expected growth numbers over the next three years, with a strong service sector propelling household consumption and business investment, according to business lobby group, the British Chambers of Commerce (BCC).
Depending on your point of view, the financial transactions tax (FTT), details of which are being thrashed out in Brussels, is either a mighty weapon for bringing all-powerful bankers to heel and stabilising Europe's economies in the process – or a pernicious and spiteful attack on legitimate business activities.
The OECD is to draw up new rules to limit tax avoidance by some of the world's largest businesses in time for a meeting of the G20 group of nations in July.
Royal Bank of Scotland has lost a bid to escape a U.S. regulator's lawsuit accusing it of misleading Fannie Mae and Freddie Mac into buying $32bn of mortgage-backed securities ahead of the financial crisis.
RSA Insurance has accepted a provisional £5.6bn bid from its bigger rival Zurich, following a month of manoeuvring by the two companies.
Carnage in financial and commodity markets may be painting a doomsday picture for the world economy, but the threat of a global recession is low, says Goldman Sachs, which advocates remaining overweight developed market equities over the next six to 12 months.