Sir James Crosby, as we must still call him until the knighthood is removed formally, has done the right thing – but belatedly.
The digital currency bitcoin continued its surge on Tuesday crossing $200, more than doubling in value in just over one week. Bitcoin's value at the end of February was just over $30.
KPMG was forced to resign as auditor for both Herbalife and Sketchers, both companies announced on Tuesday, after a senior partner at the center of an insider trading probe was fired by the accounting firm.
At least the guy didn't need to be dragged, kicking and screaming, to do the right thing.
Sir James Crosby, the former boss of HBOS, has asked for his knighthood to be revoked after a scathing report by MPs found that he sowed the "seeds of destruction" of one of Britain's biggest banks.
When General Motors pulled its advertising dollars from Facebook just days ahead of the social network's IPO in May 2012, it dealt Facebook a massive blow.
George Soros, the billionaire speculator best known as "the man who broke the Bank of England" in 1992, has launched a stinging critique of Germany's role in the euro crisis and suggested the single currency's prospects would be improved if its most dominant member were to quit.
Oh Jamie you wouldn't, would you ?
More folks on the move.
Rising stock prices, rebounding profits, restored dividends and a growing economy are signaling to U.S. banks it’s time for more job cuts.
The Carlyle Group, one of the top private equity firms on Wall Street, has seen one of its funds sustain hefty losses because of the washout in raw materials, the Wall Street Journal reported late Friday.
Mansoor Mohi-uddin, UBS Group AG’s former global head of foreign-exchange strategy, and Gareth Berry, who worked with him at the Swiss bank, began new roles at two different firms in Singapore Monday.
HSBC said first-half profit at its investment bank dropped 5.6% as legal expenses overshadowed an increase in revenue from foreign exchange and equities.