Five years after Dodd-Frank, we're still waiting for Wall Street pay reform, says Sarah Anderson.
Toshiba's chief executive and vice-chairman have resigned in the wake of an independent report on the company's 152 billion yen ($1.2 billion) accounting scandal, which accused the management of padding profits.
The prosecution in the first trial of a defendant accused of rigging Libor told the jury on Monday that what mattered was the dishonest intent to influence benchmark interest rates for profit, not the outcome of the manipulation.
In the latest move from regulators to prevent banks from being too big to fail, eight institutions have been hit with capital surcharges.
Complying with European Union regulations costs British asset managers $3.13bn a year and the EU should find ways to cut managers' costs when they sell their funds across the bloc, a report said on Monday.
Morgan Stanley delivered quarterly earnings and revenue that topped analysts' expectations on Monday.
Fashion designer Alexander McQueen, author and illustrator Beatrix Potter and Gerry Anderson, creator of the science-fiction puppet show Thunderbirds, are among hundreds of figures from the art world nominated to appear on the new £20 note.
The gold price fell to its lowest for more than five years as the precious metal was buffeted by the deal to avert a Greek bankruptcy, a potential US interest rate increase and a sharp sell-off in China.
Not a bad Friday, then.
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