New York – Citigroup Inc. today announced a 1-for-10 reverse stock split of Citigroup common stock.
Here's an interesting note from Nomura International's Global Chief Economist, Paul Sheard, who lived in Japan for many years and is a fluent Japanese speaker.
Here's something sent in by one of our readers.
41-year-old former Goldman IT programmer Sergey Aleynikov received an eight year one month prison sentence Friday, after being found guilty in December of stealing trade secrets from the Wall Street firm.
No wonder Warren Buffett joked that he wouldn't be answering the phone should Goldman Sachs CEO Lloyd Blankfein call him.
The Guardian reports that Barclays' plan to pay executives and senior staff bonus awards in 'cocos' (contingent convertible bonds) has hit a snag, as institutional shareholders are said to have expressed concerns that the structure could end up being lucrative for the bankers, but cost investors too much money.
By Lois Beckett, Special to ProPublica
With banks and other financial markets firms in the news more often than not for the wrong reasons these days, the unfolding disaster in Japan brings an opportunity for companies to underline that they really have learned about giving back to society.
OK, we've used this headline before, and technically Goldman hasn't 'fired' anyone (at least not for doing anything wrong), but the company has undertaken its usual firmwide review of its bottom quartile, and 5% of staff (around 1,800) are expected to soon be leaving.
Here's a clever ATM / cashpoint scam, which has got quite a few people in the US.
Before you start thinking up a new password, you may want to start thinking about upping its complexity from a pet's name or they top row of letters on a keyboard.
The Swiss economy may still be coming to terms with a currency shock last week but Axel Weber, the chairman of UBS, has told CNBC that it is major policy divergence between different countries that could deliver a significant slice of volatility for global asset markets in 2015.
Global investors have regained some of their risk appetite and invested more of their cash in spite of the continuing oil price weakness and concerns over corporate earnings and global growth.