Whistleblower Haim Bodek now wants to cut the Big Board down to size — and he has a fighting chance with regulators in his corner, say Wall Street veterans.
Swiss private bank Julius Baer is interested in acquiring Coutts International, a unit of Royal Bank of Scotland, but will not get into a bidding war for the venerable British bank's overseas arm, a Swiss paper reported on Sunday.
Tesco has suspended the head of its UK business and called in independent accountants and lawyers to investigate after discovering that its guidance to the City overstated expected first-half profits by about £250m.
Siemens will acquire oilfield equipment maker Dresser-Rand for $7.6 billion, it said on Monday, a move that will boost the German company's oil and gas business in the United States.
The arrest of one of Russia's richest men last week was an attempt by President Vladimir Putin to protect himself from a palace coup, according to one of his most vocal critics.
General Motors confirmed another massive recall of cars on Sunday – adding to the record near 15m vehicles the auto giant has called in so far this year.
The administrators of stricken retailer Phones 4u are expected to confirm the sale of about 60 shops to EE in a move that will save hundreds of jobs.
In 1998, Peter Thiel co-founded PayPal and four years later sold up for $1.5bn.
Don't be fooled by the scenes of people queueing at Apple stores around the country last Friday to bag the latest iPhones.
Morgan Stanley has named Ben Huneke head of investment solutions on Thursday, a day after announcing the departure of Raj Dhanda.
Deutsche Bank has announced plans to buy back £3.5bn of its debt in an attempt to demonstrate its financial strength.
BNP Paribas is pulling out of a niche U.S. energy lending business for the second time in four years after plunging oil prices dragged what was once seen as some of the safest energy loans into losses.