Barclays is poised to be hit with its second fine by British regulators over failures to segregate client assets properly, a setback to Antony Jenkins’s efforts to put the lender’s legal woes behind him, two people with knowledge of the matter said.
PricewaterhouseCoopers has agreed to pay $25m and its regulatory advisory unit will abstain from certain consulting work for New York-regulated banks for two years to settle accusations that it sanitized a report about sanctions-related controls at Bank of Tokyo-Mitsubishi UFJ, according to people familiar with the matter.
Bill Ackman’s Pershing Square Capital Management LP has sued the U.S. government, claiming revised terms of the 2008 bailout of Fannie Mae and Freddie Mac cheat investors of the profit from the mortgage-financing entities.
The Government could sue Swiss banking giant UBS for $48.5m for selling toxic mortgage products to Northern Rock ahead of the UK lender's collapse.
A Sainsbury's branch removed kosher food from its shelves over fears that anti-Israeli protesters would attack it.
McDonald’s has said it will open eight new outlets in Victoria, just a week after the fast food giant expressed concern over its performance in Australia.
Britain's fraud prosecutor could decide as soon as next month whether to charge former Barclays executives over undisclosed payments the bank made to Qatari investors in 2008, three sources familiar with the investigation said.
The bosses of Britain's 100 biggest listed companies are earning on average 143 times more than their staff, according to data that exposes the growing imbalance between how the nation's workforce and its business leaders are rewarded.
A former Deutsche Bank trader has been banned from working in the UK's financial services industry following a criminal conviction for fraud in the US.
Moody's cut its outlook for China from "stable" to "negative", citing the country's rising debt burden and uncertainty over the government's ability to implement the much needed economic reforms.
China’s factories have stumbled through last month’s new year celebrations to join a broad decline in manufacturing across Europe and the US, adding further evidence of sharp downturn in the global economy since the beginning of the year.