Ratings agency Moody's Investors Service stripped France of its prized triple-A credit rating on Tuesday, triggering worries the move could heighten the risk of a downgrade for other top-rated nations, including the United States and the single currency bloc's largest economy Germany.
Peter Mandelson once said that he had no problem with people being 'filthy rich', and now he looks set to join them.
Boris Johnson has urged the government to make multinational companies such as Google pay their share of tax in the UK instead of pushing ahead with "absurd" Liberal Democrat proposals to impose a mansion tax on large homes.
Prices in Prime London Central (PLC) have risen in value 3.7% in Q3 2012, bringing total price growth over the preceding 12 months to 15.3%
The SEC alleges that Stephen A. Colangelo, Jr. repeatedly misled investors while raising $3m in investments for four start-up companies that he created. He also persuaded three other investors to let him act as their investment adviser and they gave him more than $1m to invest in the markets on their behalf.
Morgan Stanley created a fixed- income sales group to focus on middle-market clients as it transfers some investment bank customers to its wealth- management division.
Bank of America has hired analyst Paul Shea from Deutsche Bank to join an equities sales team catering to hedge funds and other institutional clients, said two people with knowledge of the move.
If a federal regulator wants to make a point by shaming a bank, JP Morgan is the obvious one to put in the stocks as a warning to others – and that is what the US Federal Regulatory Commission has done with a dramatic and unusual penalty on the bank.
BP, which agreed to pay more than $12bn in government and private party settlements over the 2010 Gulf of Mexico oil spill, still faces claims seeking billions of dollars more for the catastrophe.
Arrests tied to the insider-trading case involving Galleon Group LLC made obtaining illegal tips harder and often less specific, an analyst for former Diamondback Capital Management LLC fund manager Todd Newman testified.
Dragon Oil has agreed a £3.7bn takeover after its suitor, Dubai-based Emirates National Oil Company, raised its offer for the business.
Majestic Wine is considering scrapping its minimum six-bottle purchase as the new chief executive, Rowan Gormley, seeks to revamp stores and revive the ailing business.
German financial regulator Bafin, which last month completed its review into Libor rigging, criticized several current and former top managers at Deutsche Bank, including outgoing co-Chief Executive Officer Anshu Jain, according to German Spiegel magazine.