Facebook, the social networking site, announced on Thursday that it now has one billion monthly active users and the company’s CEO and founder Mark Zuckerberg called it “an amazing honor.”
Hero to zero.
Morgan Stanley's talks with Qatar's sovereign wealth fund over the sale of its commodities business are said to have run into difficulty, and the deal may need to be reworked if it is to go ahead.
Eric Schneiderman, the New York State Attorney General, has made it abundantly clear that the lawsuit he filed against JPMorgan Chase over mortgage-backed securities issued by Bear Stearns is just the beginning. There will be more lawsuits coming.
Twitter CEO Dick Costolo has revealed some interesting information about growing his social media company.
Moelis & Company, the global independent investment bank, has announced the acquisition of Freeport Financial Partners LLC, an investment manager that provides financing solutions to middle market companies. The acquisition expands Moelis & Company’s asset management platform and enables Freeport to benefit from the added resources and global reach of a larger organization.
Nouriel Roubini and Ian Bremmer, president of Eurasia Group, sat down with Tom Keene and Sara Eisen on “Bloomberg Surveillance” this morning to talk the global economy and U.S. politics.
Another former trader on the stand.
Deutsche Bank is set to be the bank most affected, with profits hit hardest, by proposals to separate higher risk banking activities from traditional deposit-taking business, which are likely to affect about 20 banks, analysts said.
The Wall Street Journal has reported that, according to its sources, Temasek Holdings, the Singapore state investment company that is the biggest shareholder of Standard Chartered, has been expressing its discomfort with the bank's governance and is pressuring it to appoint more independent directors.
Christian Bittar, the former Deutsche Bank trader caught-up in benchmark rigging probes, has sued the U.K. Financial Conduct Authority weeks after his former employer reached a $352m settlement over Libor.
After decades of swallowing up their smaller competitors, pressure is on for warehouse financial institutions to start divesting their businesses.
The Department of Justice will announce a currency manipulation settlement with some major international banks as early as Wednesday, with certain bank holding companies expected to plead guilty to rigging foreign exchange markets.