Page 2010 


Aviva Strips Out Management Layer

Job Axe

Aviva's European chief, Igal Mayer, and two other executives have fallen victim to a major shakeup at the insurer that will see the regional layer of its management structure stripped out.



Storm clouds

Flash crash trader fails to meet bail conditions

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.

BNP Paribas Logo

BNP Paribas profit rises

BNP Paribas posted better-than-expected 17.5 percent growth in first-quarter net income on Thursday as the French bank saw a long-awaited revival in euro zone loan demand.