Bank of America has hired Olivier Thiriet from Credit Suisse to head Asia-Pacific equities in Hong Kong, replacing Peter MacDonald, according to a memo obtained by Bloomberg News.
Bloomberg Markets April issue has an excellent profile on Bank of America CEO Brian Moynihan.
Royal Bank of Scotland CEO Stephen Hester is being pressed by the U.K. government to sell more assets and bolster capital as the Treasury tries to recoup some of its $68.9bn investment in the bailed-out lender.
Even if your nickname is "Sin City," murder can be bad for business. The killings of three people before dawn last week in a shooting and fiery crash on the Las Vegas Strip has some concerned that tourists may stay away.
No real surprise.
Rajat Gupta, the former Goldman Sachs director convicted of passing tips to his friend Raj Rajaratnam, was ordered to pay the bank more than $6.2m in restitution as a victim of his insider trading.
Surfing the web from at home might be just what Yahoo's chief Marissa Mayer wants her audience to do – but she has banned employees of the company itself from working "remotely", in an edict sent out last Friday to Yahoo's thousands of staff.
Royal Bank of Scotland should be more focused on UK small business, corporate and personal banking, the chancellor said as he ruled out full nationalisation of the bailed out bank.
Rabobank Groep faces a fine of more than $440m for Libor rigging as global regulators seek to increase the $2.5bn in penalties already levied in the rate-manipulation scandal.
More data from our 'most miserable' survey.
There has been no shortage of disturbing trends in Asian foreign exchange markets this year, even before China shocked traders last week with its unilateral devaluation of the yuan.
Anthony J. Albanese, Acting Superintendent of Financial Services for the State of New York, issued the following statement on an agreement between the Department of Financial Services (DFS) and Promontory Financial Group, LLC.
Morrisons is facing a bill worth tens of millions of pounds to offload its struggling convenience store business.