The drama at Portuguese lender Banco Espirito Santo (BES) resumed on Thursday with a former CEO of the bank being held by police in Lisbon.
Wal-Mart says U.S. CEO Bill Simon is leaving the company and will be succeeded by Greg Foran.
Credit Suisse’s decision to exit the commodities-trading business will probably result in about half of the unit’s 80 workers globally being cut, people briefed on the matter said.
Standard Chartered was under intense pressure on Thursday after being forced to issue a statement backing its chairman, Sir John Peace, and chief executive, Peter Sands.
UBS was placed under formal investigation by the French authorities on Wednesday and ordered to post bail of more than around $1.5bn in the kind of tax-evasion case that ensnared it in the United States several years ago.
Ex-Jefferies Managing Director Jesse Litvak, deemed an 'elite' fraudster by prosecutors for being the only person convicted of fraud over a $20bn government bailout program, was sentenced to two years in prison for lying to customers about mortgage-backed securities.
Bank of England policymakers are growing increasingly uneasy about the UK's record low interest rates – but signalled on Wednesday that the first rise will not come until real wages start to recover.
Macquarie Group said earnings at its securities division will probably fall this fiscal year after markets slowed in the three months through June.
China is a honeypot for drug and cosmetic firms. Chinese consumers, hurt by a succession of contamination scandals, have little trust in domestic operators.
General Motors has announced another six safety recalls covering another 717,950 recent model vehicles in the US and pushing its worldwide total of recalls for this year past a record breaking 40 million.