Shares in Standard Chartered slid to their lowest level in five-and-a-half years on Thursday after reports that US authorities had reopened an investigation into the bank over breaching sanctions with Iran.
The Qatari owners of Harrods have banked a £117.6m dividend on the back of another year of brisk trade at the London department store.
Investors should expect more volatility and long-term low interest rates in the post-QE world, Cantor Fitzgerald and BGC partners CEO Howard Lutnick said.
Royal Dutch Shell has recruited the former chief executive of DuPont and former chairman of Bank of America Charles Holliday as its chairman, to take over from Jorma Ollila, who will step down at the annual meeting in May after nine years in the role.
The NYSE and the NYSE market experienced a brief issue involving publishing and receiving trades and quotes on Thursday.
With the holiday season soon upon us, here's one book about the financial markets you have to read, which is jam-packed with action, emotion and the inside track about the success and ultimate failure of one's of the best known firms on Wall Street.
'Messages are full of casual banter, British slang and the lingua franca of foreign-exchange traders'.
Cargill Inc. plans to apply for Category 2 membership of the London Metal Exchange, it said on Wednesday, as the agricultural merchant makes its first foray into base metals derivatives sales as European banks retreat.
U.S. prosecutors have reopened investigations into Standard Chartered to determine whether the bank, which entered into a deferred prosecution agreement in 2012, withheld evidence of Iran sanctions violations, two people briefed on the matter said.
The decision by JPMorgan Chase to keep its headquarters on Manhattan’s Park Avenue saves the Midtown neighborhood from what would have been a deep blow.
The richest fifth of the population are worse off now than they were before the financial crash, but the poorest fifth have typically become better off, according to official figures which could spark controversy among anti-austerity campaigners.
Bank of England governor Mark Carney has said the Bank does not yet consider negative interest rates to be an appropriate stimulus measure for the UK.
Bruno Iksil, the former JPMorgan trader who became known as the “London Whale” as his unit began generating more than $6.2bn in losses in 2012, surfaced on Monday to say he isn’t responsible for the debacle.