Nelson Peltz’s Trian Partners is rebuffing a request by fellow activist Marcato Asset Management to remove Bank of New York Mellon Chief Executive Gerald Hassell from his job, the FOX Business Network has learned.
UBS has revised down its fourth-quarter net profit by $104.5m primarily because it increased litigation provisions to $3.03bn.
Don’t lie about debt prices or you could end up in jail. And if you’ve already lied, watch out.
Commodity broker ED&F Man Holdings has hired a group of fixed-income traders who left Interactive Brokers Group last year, according to people with knowledge of the matter.
China's craze for bitcoins has been well-documented over the past year, but a new report highlights just how dominant of a player the country is.
Recent speeches by Bank of England policymakers have focused on the power of the central bank to influence inflation.
U.S. officials say Commerzbank carried out transactions with U.S.-sanctioned entities in Iran and Sudan.
Retail tycoon Sir Philip Green has finally washed his hands of BHS, selling the troubled fashion and homewares chain to a little-known group of City investors for a token £1.
The chief executive of Shell earned €24.2m (£19.5m) last year to become the second-highest paid boss in the FTSE 100.
You might be surprised.
Standard Chartered is seeking to sell at least $4.4bn of assets in Asia, people with knowledge of the matter said, as the bank pares its balance sheet after booking record impairments.
After the worst start to a year since 2008, hedge funds repaired some of the damage in March as investments in equities, fixed income and commodities fueled the best monthly gains in two years.
Corporate defaults could be about to rise, according to Deutsche Bank (DB)’s closely watched annual default study, launched this morning.