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Blackstone third-quarter profit rises

A Billion Dollars

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.

Ex-UBS head knew nothing of 'rogue' bankers

Gavel

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.

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SocGen said considers selling City HQ

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.