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Aviva Strips Out Management Layer

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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.

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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.

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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.