The U.S. Justice Department is seeking about $1bn each from global banks being investigated for manipulation of currency markets, according to two people familiar with the talks.
It is standing room only in court 602 of the superior court of San Francisco, the hallways are blocked by television news crews and satellite TV trucks line the sunny streets outside.
Credit Suisse has reshuffled its mergers and acquisitions ranks, according to an internal memo signed by James Amine, head of the investment banking division.
Having tackled the Scientologists in his most recent film Going Clear, documentary maker Alex Gibney takes on a cult that is even more ardent, and with considerably more members – that of Apple.
Stifel agreed to sell the equities business that it bought from Sterne Agee to CRT Capital.
Alliance Trust is facing a new battle over strategy and governance as activist hedge fund Elliott Advisors pushes for the appointment of three new directors to the board of the Dundee-based investment group.
Sir Martin Sorrell earned more than £36m last year under a controversial long-term share scheme that paid out in full for the WPP chief executive.
Britain’s high streets are fading away because new shops are not opening fast enough to replace those that close, despite the economic recovery.
The dramatic drop in oil prices is going to be very painful for the oil and gas industry, BP CEO Bob Dudley told CNBC Saturday.
After a year of sanctions and a contraction, the Russian economy is ready for the upside. What it needs are economic reforms and international integration - not further sanctions and geopolitical isolation.
Poor Gavin Andresen.
The US economy showed further signs of a slowdown on Friday as the US Department of Labor announced just 160,000 new jobs had been created in April, 40,000 fewer than had been expected.
Nearly eight years after Bank of America purchased Merrill Lynch, one of the nation's leading bank analysts, Dick Bove, recently wrote that "Bank of America is simply blowing up the Merrill franchise presumably because it does not like the business or it does not know how to manage it."