Telecom M&A Down 2% Over 2011 Levels
Controversy and Jamie Dimon ? Surely not!
Barclays announced a shake up at its investment bank on Thursday as the group tries to cut costs in a tough market and reduce risks to its reputation following the Libor scandal.
By Maseena Ziegler
Wall Street is still attracting a dangerously high portion of the best and brightest business students.
In a stately hearing room stuffed with senators and bankers, Thomas Curry began his apologies. His agency should have stopped a major bank from helping drug cartels launder cash. The violations went on for years while his agency was overly passive.
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.
First there was one. Then three. Now the U.K. Financial Conduct Authority is facing nine lawsuits for improperly identifying traders in penalty notices, in what has quickly become a nightmare for the agency.
Global banks could quit London if Britain votes to leave the European Union, the ratings agency Standard & Poor’s has said, as it warned a UK exit would pose a risk to the growth prospects of the UK economy.