Citigroup has purchased a portfolio of credit-default swaps from retreating rival Credit Suisse, two people with knowledge of the matter said.
A federal judge rejected PricewaterhouseCoopers' bid to dismiss a $1bn lawsuit accusing the accounting firm of professional malpractice for helping cause the October 2011 bankruptcy of MF Global Holdings, a brokerage once run by former New Jersey Governor Jon Corzine.
Britain’s vote to leave the EU has had little immediate impact on people’s spending habits, according to new figures that suggest more money was splashed out on clothes, meals out and day trips in July.
European banks have pushed back profitability targets so many times, the dates are now more placeholders than deadlines.
The bosses of Britain’s largest public companies earned an average of £5.5m last year, and have enjoyed a 10% pay rise while wages in the rest of the economy lag far behind.
A federal appeals court rejected a one-time billionaire's bid to revive his $800m lawsuit accusing Citigroup of fraudulently hiding its exposure to subprime and other toxic mortgages, inducing him to hold on to shares he otherwise would have sold.
Oil may be a precious and dwindling resource but at the moment, at least, it looks like we just have too much of it.
Banks across Europe have endured a difficult year, and some experts say the effect on U.S. stocks is forthcoming.
UK deal activity could be boosted by the Bank of England’s interest rates cut, mergers and acquisitions (M&A) experts have suggested.