Moody's Investors Service is under investigation by the U.S. Justice Department for its actions in advance of the 2008 financial crisis, the Wall Street Journal reported on Sunday, with regulators probing why it issued favorable ratings to mortgage deals that ultimately went bust.
ExxonMobil posted earnings that easily topped expectations, though revenue fell slightly short.
The compensation fund for victims of General Motors' faulty ignition switch has determined that 51 of the claims for deceased people and about 70 for injuries are eligible for compensation, administrator Kenneth Feinberg told CNBC on Monday.
The John Lewis partnership has ditched its final salary pension scheme in favour of a hybrid scheme partly based on staff contributions.
Citigroup's loss on a surge in the Swiss franc this month was exacerbated by the bank’s decision to let protections against currency swings lapse a week earlier, according to people with knowledge of the situation.
Michael Karsch is hoping to apply the lessons of juice to his old business of hedge funds.
JPMorgan Chase has agreed to pay $99.5 million to settle its portion of an antitrust lawsuit in which investors accuse 12 major banks of rigging prices in the $5.3 trillion-a-day foreign exchange market.
Billionaire Steven A. Cohen agreed to buy a newly constructed nine-bedroom mansion in Beverly Hills, California, listed for $35 million, according to a person with knowledge of the purchase.
UBS has won a London lawsuit filed by an asset management firm that said that investment banking job cuts at the bank undermined a joint venture.
A roughly 10% headcount increase.
Nomura expects about $600m to $700m of annual cost savings from restructuring its European equities business and cutting jobs there and in the Americas, according to people with knowledge of the matter.
Deutsche Bank’s mounting legal costs led to open conflict on the supervisory board, with the deputy chairman publicly criticizing another member, Georg Thoma, for going too far in probing potential wrongdoing.