Hedge-fund titan Steve Cohen doesn’t like taking no for an answer.
Abu Dhabi’s leading sovereign wealth fund has indicated it wants to buy three of Mayfair’s top hotels — Claridge’s, the Berkeley and the Connaught — for £1.6bn.
The UK’s fund management industry is “ripe for investigation” because of “an alarming lack of transparency that surrounds [its] pay and practices”, the influential Institute of Directors said on Sunday.
Britain’s manufacturers have had a good start to the year, with export orders back in positive territory and some firms reporting a pick-up in demand from European customers.
HSBC is to appoint its next chairman from outside its existing management team in a move that would represent a dramatic change to the way Britain’s biggest bank is run.
Billionaire investor Warren Buffett has admitted that “thumb-sucking” over selling his Tesco stake cost $444m (£287.6m), one of the biggest losses in his investment company’s history.
A 2010 raid of now-defunct hedge fund Level Global was "based completely on a lie," an attorney for the fund's manager David Ganek argued on Friday.
Former AIG CEO and President Robert "Bob" Benmosche died Friday at NYU Langone Medical Center. He was 70 and had undergone treatment for lung cancer since 2010.
At 108, he was still working three days a week!
The Buffett Diet.
Standard Chartered, struggling to recoup a $1bn loan extended to one of Indonesia's richest men, has hit fresh trouble after a Jakarta court excluded it from a key creditor list and raised doubts over the validity of the underlying deal.
Worldwide M&A falls 18% as pace of mega deals slows
Barclays still has “critical mass” to compete in the Middle East and will aim to help local companies raise capital even as it scales back lending, CEO Jes Staley said.