Mining analyst Justin Froneman said he left Credit Suisse’s equity research unit in South Africa just over a year after joining the financial-services group.
The Securities and Exchange Commission has announced that an investment advisory firm in Philadelphia has agreed to pay more than $21m to settle charges that it fraudulently retained fees belonging to collateralized debt obligation (CDO) clients.
Stu Bohart, who oversaw Fortress Investment Group’s hedge fund unit, has left the firm after five years.
Natalie Massenet, the founder of Net-a-Porter, has quit the online fashion empire she created just weeks before its takeover by an Italian discounter is finalised.
Sports Direct chairman, Keith Hellawell, is expected to come under renewed pressure to step down from the retailer’s board at its annual meeting next week as a result of new rules giving increased rights to minority shareholders.
The recent turmoil in financial markets and the struggling Chinese economy could combine to hit global economic growth this year and force central banks to keep interest rates low, the International Monetary Fund has said ahead of a meeting of G20 finance ministers in Ankara this weekend.
Yahoo’s chief executive, Marissa Mayer, has been criticized after announcing she is taking as little as two weeks of maternity leave and will be “working throughout” when she gives birth to identical twins later this year – with some upset that her break will be so brief, and others that she even has to talk about it at all.
The National Australia Bank has ruled out funding Adani’s Carmichael mine, as the country’s biggest proposed coal project also lost a key customer in Korean electronics giant LG.
A major City property sale has collapsed after a Chinese investor abruptly pulled out of its £455m purchase of Broadgate Quarter.
Five U.S. investment banks promised British finance minister George Osborne on Thursday that they would try to help London keep its top spot as a financial center, but gave no commitment on jobs following Britain's vote to leave the European Union.
Pacific Investment Management Co., which manages $1.5tril, hired Gene Frieda as global strategist for emerging markets and Yacov Arnopolin as emerging market portfolio manager.
The US Department of Justice has dropped charges against three former ICAP brokers charged with Libor manipulation offences after they were acquitted in the UK.