Reuters reports that Royal Bank of Scotland's CEO, Stephen Hester, needs to be given the freedom to complete his five-year turnaround plan without excessive interference, the bank's chairman said at the firm's annual meeting Wednesday.
Instinet has announced that its Instinet, LLC subsidiary has entered a research marketing agreement with Meredith Whitney Advisory Group, LLC (MWAG).
House prices in London's glitziest districts will drop by up to 50% over the next five years if the eurozone collapses, according to research by City consultancy Fathom.
The chairman of Royal Bank of Scotland has admitted it could take generations for the bailed-out bank to return to its pre-crisis value. Shareholders, he said, had no hope of recouping their losses any time soon.
Brussels is involved in last-ditch attempts to prevent Spain from becoming the latest EU country to need a financial bailout after markets tumbled on mounting fears of a banking collapse in the eurozone's fourth biggest economy.
Kicking a firm when it's down.
Reuters reports that the judge in the insider-trading trial of former corporate luminary Rajat Gupta is worried the jury is in danger of becoming bored.
Here's four items that are currently doing the rounds.
Attorneys representing former home appraisal manager Kyle W. Lagow, who blew the whistle on widespread fraud at Countrywide Financial, have announced the final settlement of Lagow's whistleblower action.
Bloomberg reports that when Juergen Fitschen and Anshu Jain take over as co-CEOs of Deutsche Bank this week, they’ll be reviving a tradition of dual leadership at Europe’s largest bank that ran from the 1960s to the 1980s.
JPMorgan is concerned about loans that finance some leveraged buyouts, and is scaling back from what is a booming area, even as its overall loan portfolio grows, a top executive said in an interview.
Former Treasury Secretary Hank Paulson tells CNBC the growth model powering China's economy is running out of steam.
Gatwick may not be the new Dallas after all.