BlackRock, seeking to reverse withdrawals from active funds and boost assets as its acquisition spree ends, is expanding top leadership and shaking up its investment unit in the most sweeping overhaul since it became the world’s largest asset manager.
The liquidator of Bernard Madoff’s estate seeks to stop New York Attorney General Eric Schneiderman from completing a $410m settlement with a former Madoff investor that the trustee said might leave little for customers of the convicted Ponzi scheme mastermind.
Knight Capital said losses from yesterday’s trading breakdown are $440m, more than some analysts had estimated, and the firm is exploring strategic and financial alternatives. Its stock plunged.
Goldman Sachs led major foreign banks in Japan in accelerating job cuts last fiscal year as employees relocated to other Asian financial centers and firms trimmed costs to cope with a worldwide industry slump.
A split appears to be emerging within the coalition over the future of Royal Bank of Scotland.
Treasury Secretary Tim Geithner spoke with Bloomberg Television’s Peter Cook from Los Angeles earlier, where he discussed the European debt crisis and the U.S. economy.
The last thing employees will want to hear.
Standard Chartered's top two executives both said they were 'very happy' at the Asia-focused bank as they played down talk linking them to the vacant CEO position at rival Barclays.
London Mayor Boris Johnson speaks with Fox Business anchor Liz Claman about how the City is handling the Olympic Games, prospects for growth following the closing ceremony, and GOP presidential candidate Mitt Romney’s visit.
As stocks have risen over the past few years, "Dr. Doom" Marc Faber has become increasingly bearish.
Russia's central bank dramatically cut interest rates by 150 basis points to 12.5 percent Thursday, and signaled that it is likely to cut rates further soon.
Navinder Singh Sarao, the 36-year-old British futures trader charged with contributing to a sudden plunge in American stock markets, has not met the conditions of his bail, his lawyer said Wednesday in a London court. He has remained in custody since his arrest on April 21.