The troubled hedge fund billionaire tries reputation management with a new website.
Credit Suisse Group is getting out of the U.S. equity retail market-making business by the end of the first quarter after failing to gain enough scale to justify continuing, the bank confirmed on Tuesday.
The world's 30 biggest banks will have to issue more than $500 billion in bonds to comply with proposed global rules aimed at shielding taxpayers from the risk of future banking failures, credit rating agency Standard & Poor's (S&P) said on Tuesday.
Standard & Poor's settled government accusations that it inflated ratings of mortgage-backed investments on Tuesday, helping feed a Wall Street frenzy that brought the world economy to its knees.
And you might be one of 'em!
Icap, the international money broker run by former Conversative party chairman Michael Spencer, has reacted angrily to a €14.9m (£11.3m) fine from the European commission for rigging Libor.
Royal Bank of Scotland, Barclays and Lloyds were downgraded by ratings agency Standard & Poor's on Tuesday amid fears the UK government will refuse to offer them financial support in the event of another crisis.
JPMorgan Chase has agreed to pay $500 million to end more than six years of class action litigation over Bear Stearns' sale of $17.58 billion of mortgage securities that proved defective during the U.S. housing and financial crises.
Ford, moving to keep up with growing demand for its new F-150 pickup, is hiring more workers who will support increased production of the company's new truck.
They say crime doesn’t pay.
Schroders is preparing to refresh its board with two new non-executives this year as part of an olive branch to investors concerned about the unorthodox decision to appoint the wealth firm’s long-standing chief executive Michael Dobson as chairman.
Credit Suisse became the second global bank to be penalised in Japan for leaking information about a company’s earnings, amid a regulatory probe that has raised questions about how brokerages handle stock research in the country.