Standard Chartered Chief Executive Officer Peter Sands unleashed the biggest round of job cuts in his eight-year tenure at the U.K. bank as he seeks to persuade critics he can stem a two-year drop in earnings.
On Wednesday, congressional Republicans tried to pull a fast one.
Coca-Cola said Thursday it plans to layoff about 1,600 to 1,800 employees globally in the next few months. The move is a part of the beverage giant's effort to cut $3 billion in costs, which was announced in October.
The euro hit a fresh nine-year low against the U.S. dollar on Thursday, taking it close to its starting point in 1999 when the currency was launched in 11 European countries.
Europe could be looking at a deflationary environment for the next five years, debt investor Marc Lasry tells CNBC.
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Guggenheim Partners has slashed personnel at an internal hedge fund that hasn't lived up to its big expectations.
Under pressure from its U.S. regulator, Bank of America has shifted its compliance group from its legal department to its risk oversight group, a source familiar with the matter said.
Deutsche Bank is beefing up its regulatory back bench.
Coca-Cola has spoken out against George Osborne’s sugar tax and warned that the levy will not reduce obesity.
Societe Generale may speed up cost-cutting in activities including corporate and investment banking as harsher regulation bites across the industry, CEO Frederic Oudea said.
Tom Hayes told a court today how the rate-rigging allegations that eventually lead to his conviction caused him to suffer a breakdown, as he continued his legal battle over his assets.