BNP Paribas Chairman Baudouin Prot plans to step down this week, according to two people with direct knowledge of the decision. He would be at least the second senior banker to resign since the bank’s $8.97 billion fine for violating U.S. sanctions.
Apple's $3-billion acquisition of Beats earlier this year helped co-founder Dr. Dre jump to the top of Forbes' Hip-Hop Cash Kings list - but a hefty tax bill means he's not a billionaire just yet.
A month after bolting barefoot from the courthouse , a New York City investor relations executive returned to court and pleaded guilty Wednesday in an insider trading case. It was his 52nd birthday.
Confidence is draining from German businesses, with a survey finding sentiment fell for a fifth successive month in September to its lowest level in nearly 18 months.
US regulators are seeking to shut down Butterfly Labs, a Missouri-based company they allege deceptively marketed specialised computers designed to produce the virtual currency bitcoins.
Change or die ?
And all over 'the right to light'.
Barclays was fined twice in one day for client account failures in the U.K. and the U.S., hurting the bank’s effort to rehabilitate a tarnished image. It agreed to pay a total of $77 million in penalties.
Mitesh Parikh, Goldman Sachs' European head of spot foreign-exchange trading, is joining hedge-fund firm Balyasny Asset Management LP after 12 years at the bank, said a person with knowledge of the plans.
Credit Agricole’s complaint that European Union regulators showed bias in their rate-rigging probe is under investigation by the EU’s ombudsman.
Two former Rabobank traders on Thursday lost a bid to overturn their convictions arising from an international investigation into the manipulation of Libor, the leading global benchmark for pricing financial transactions.
Four families of Americans killed by Mexican drug cartels are suing British banking giant HSBC for allegedly contributing to their deaths by allowing the gangs to launder billions of dollars.
Credit Suisse plunged to a 27-year low as a sell-off across the industry compounded doubts about Chief Executive Officer Tidjane Thiam’s restructuring plans.