Blackstone Group said third-quarter profit increased 18% percent as the world’s largest alternative-asset manager collected profits from its biggest buyout fund and sold real estate holdings.
A former UBS executive gave a primer on the workings of Swiss bank secrecy to a Florida jury hearing the tax-conspiracy trial of Raoul Weil, who once ran the bank’s global wealth-management business.
UBS and Nomura were sued by a Japanese school operator for $83m in compensation for losses on derivative transactions.
The 10 largest percentage falls in the history of the FTSE 100
Berkshire Hathaway has further reduced its stake in Tesco after the investment group’s boss, Warren Buffett, admitted buying into the troubled supermarket group was a “huge mistake”.
'This is the final nail in the coffin for European banks'.
Global markets suffered sharp falls again as investor fears of an economic slowdown were reinforced by a poor set of US data.
Europe’s top banking regulator is cracking down on major banks, warning them they should not try to get around the EU’s cap on bonuses by handing their staff extra payments.
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Raoul Weil, once the head of UBS’s global wealth-management business, didn’t know that 'rogue' underlings were helping Americans evade taxes, his lawyer told jurors at the start of a trial in Florida.
Societe Generale is considering selling its London headquarters this year after the bank agreed to lease new offices in the Canary Wharf financial district, according to three people familiar with the matter.
After Valeant took a giant bite out of Bill Ackman's hedge fund, the billionaire described his firm's standing to CNBC's Scott Wapner.
China Target M&A activity totals $91.1 billion, up 27% compared to YTD 2015