Fares Noujaim, an executive vice chairman at Bank of America and investment banker who represented corporations like Pfizer , GM , and Verizon , has left abruptly, sparking questions about his relationship with the bank, according to people familiar with the matter.
Morgan Stanley will swallow some losses incurred by customers who bought mutual funds after the bank failed to make the fund prospectuses accessible online.
The U.K. Serious Fraud Office is readying more criminal charges this year against traders in its Libor-manipulation probe, according to people with knowledge of the matter.
A lawyer for Citibank said the government of Argentina has 'a gun to our head,' threatening the forced takeover of its branch in that country if the bank obeys a U.S. judge’s order blocking it from making payments to holders of $8.4bn in Argentine bonds.
IBM boss, Ginni Rometty, and bank chiefs Ana Botín at Santander and Gail Kelly at Westpac have topped Fortune magazine's annual rankings of the world's most powerful businesswomen.
European shares are set to start the session sharply higher on Friday, with the latest vote count showing Scotland has reject independence in a referendum held on Thursday.
Early investors in Chinese online giant Alibaba are set to sell $8bn worth of shares Friday morning, escaping the “lockup” that usually requires them to hold their shares for several months.
The Justice Department has a suggestion for banks hoping to avoid criminal charges: Rat out your employees.
Shocking eating habits.
When Alibaba makes its debut on the New York stock market on Friday, it will be the world's biggest initial public offering (IPO).
Barclays has poached Paul Compton from JP Morgan Chase to act as its new group chief operating officer.
Total giving by the top 50 philanthropists in America dropped 30 percent last year, totaling $7 billion, and marking the lowest amount since 2010.
The number of homes sold in the capital fell almost 10 per cent to just 103,772 in 2015, the first drop in four years, figures published today showed.