GlaxoSmithKline and five other major drugmakers have teamed up with the UK government to launch the world’s first venture capital fund dedicated to finding new ways to prevent and treat dementia.
Barclays appears to be considering ways to defy the strict separation of its high street operations from its investment bank, in a move likely to inflame the debate over whether rules designed to prevent a second banking crisis are being watered down.
Credit Suisse, Switzerland's second biggest bank, is to raise a total of 6.05 billion Swiss francs ($6.2 billion) in fresh capital through a rights issue and private placement, as its new chief executive tries to address investors' concerns.
The Sony Pictures hack left thousands of employees vulnerable and scared, but when the dust settles on their class action lawsuit, the cash doled may not amount to much.
Starbucks is taking on home-grown coffee shops offering speciality brewing methods, craft beer and fresh food with what it calls a “coffee theatre”, a new outlet in central London.
The NYDFS has announced that Crédit Agricole will pay $787 million and install an independent monitor for violating New York banking law.
Hedge fund performance over the past three months hearkened back to the bad old days of the financial crisis.
The $6bn trade was said to have been processed by a junior member of the bank’s FX sales team while his boss was on holiday.
Europe’s last global banks are caving in to pressure from regulators and preparing to tell investors just how much their aspirations will shrink.
The two most powerful central bankers have warned that they are on high alert for financial and economic fallout from the EU referendum, amid signs that the result of Thursday’s vote still hangs in the balance.
Jefferies Group posted a 55% surge in bond-trading revenue, the biggest increase since the third quarter of 2014, helping the firm recover from a punishing loss in the previous three months.
The investing guru's massive success will be difficult, if not impossible, for newcomers to repeat, he says.