JPMorgan Chase's own investigators have found clues that a global network of computers available for hire by sophisticated criminals was used to reroute data stolen from the bank to a major Russian city, according to people familiar with the probe.
Former Goldman Sachs trader Deeb Salem struck out in his pursuit of almost $5 million in bonus money on top of $8.25 million he received in 2010 as a Manhattan judge upheld an arbitration panel’s decision favoring the bank.
Michael R. Bloomberg reassumes leadership of company he founded, Bloomberg praises Doctoroff’s leadership and business achievements.
Canadian Imperial Bank of Commerce would consider spending as much as US$1.8 billion) on wealth-management takeovers, incoming Chief Executive Officer Victor Dodig said, setting a new ceiling for acquisitions by the country’s fifth-biggest bank.
Commerzbank is nearing agreement with U.S. authorities over its dealings with Iran and other countries under U.S. sanctions, sources familiar with the matter said.
Sad to report.
Chinese e-commerce giant Alibaba has appointed Barclays as the designated market-maker for the company's U.S. public offering later this month, sources told CNBC on Wednesday.
Britain's strengthening economy and reports of a truce in Ukraine helped London's stock market jump to a 14-year high and put it within striking distance of an all-time record peak.
Several Wal-Mart employees are up in arms following the company's decision to change its dress code to require a collared shirt and vest.
Standard Life plans to return £1.75bn of capital to shareholders – almost a fifth of its current market value – after agreeing a surprise sale of its 180-year-old Canadian business for £2.2bn in cash.
Citigroup lost two traders in its North America interest-rates trading group, including its head of automated market making, Mike Sung, according to people with knowledge of the matter.
French bank Societe Generale reports worse-than-expected fourth-quarter net profit.
Investment banks Goldman Sachs and JP Morgan could be left with large stakes in Italian oil services company Saipem following the completion of a €3.5bn (£2.7bn) share issue.