GlaxoSmithKline is taking action to make medicines more affordable in developing countries, including waiving patent protection for new drugs in the world’s poorest nations.
'We are working on steps to increase our efficiency, and streamline and simplify areas of the organization'.
On being fired: 'I know I started to cry'.
Bank of America’s Bryan Weadock is stepping down from his role as co-head of global fixed-income sales to take personal leave, joining a growing number of senior Wall Street bond executives moving on amid an industrywide slump.
Deutsche Bank’s Michael Schoell, a senior trader of distressed debt, has left to join hedge-fund firm King Street Capital Management, people familiar with the move said.
State Street agreed to buy General Electric’s asset management unit for as much as $485m in cash to expand alternative investments such as private equity and real estate.
Standard Chartered is closing its office in Geneva, the global center of the commodity-trading industry, in Chief Executive Officer Bill Winters’s latest move to slash the lender’s exposure to the oil, gas and agricultural industries.
Britain’s trading position with the rest of the world has deteriorated sharply with the current account deficit swelling to its widest on record, fanning fears about the sustainability of the economic recovery.
Citigroup has hired Gavin Michael from JPMorgan to oversee technology for its consumer bank.
Hedge fund ValueAct took a fresh Morgan Stanley stake, but the activist investors weren't necessarily angling for major changes at the investment bank.
Julius Baer have hired several private bankers from HSBC to bolster its Latin American business, said three people with knowledge of the matter.