A 52-year-old Ferrari just smashed the record for the most expensive car ever sold at auction.
Morgan Stanley and sales assistants in its wealth management branch system who claimed they were owed overtime pay have agreed to a $4.2 million settlement.
Britain's economy powered on in the second quarter, recording its strongest growth since before the financial crisis, but economists warned the pressure was on UK consumers and businesses to sustain the recovery amid the threat of a triple-dip recession in the eurozone.
A Barclays document sent to shareholders has laid bare the full extent of the bank's legal woes, ranging from continuing court tussles over rigging interest rates to allegations of ripping off its own clients.
Deutsche Bank and German state-backed lender BayernLB have agreed to settle an $810m lawsuit in connection with residential mortgage-backed securities, or RMBS, that Deutsche sold to BayernLB.
SAC Capital Advisors, the hedge-fund firm that Steven A. Cohen transformed into a family office following a record insider-trading settlement, lost a bid to dismiss an investor class action over the wrongdoing.
The 117-year-old London method to set a price for silver, known as the "fix", is coming to an end on Friday, replaced by a new electronic pricing mechanism that regulators hope will bring more transparency to the system.
• Cross-Border M&A activity totals $883.6 billion, up 127% compared to YTD 2013
Nasdaq said Thursday afternoon that it is investigating an issue with stuck orders but that new orders were not affected.
The stock broke $1,000 for the first time in 1983, $10,000 in 1992 and $100,000 in 2006.
No wonder it's difficult to get candidates with good quant skills. Enjoy!
Barclays will dismiss about 150 staff in Dubai as it restructures its Middle East corporate banking business, a person with knowledge of the matter said.
Credit Suisse’s shareholders are seeing from rival UBS that pursuing a steadier business model may not result in stable profit.