Two of the world's largest banks suspended, or put on leave, traders in London and New York yesterday as part of an investigation into alleged manipulation of the trillion-dollar currency market.
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Sunday 18 November 2012
Russian Prime Minister Dmitry Medvedev's efforts to give his citizens a better night's sleep and ease stress for the nation's farm animals are undermining his push to make Moscow a global financial centre.
Thursday 18 October 2012
Vikram Pandit's abrupt departure as chief executive of Citigroup has revived questions about the bank's direction
Wednesday 17 October 2012
Tuesday 16 October 2012
A mammoth, $4.7bn (£2.9bn) writedown drove Citigroup's third-quarter profits down by nearly 90 per cent – but America's third-largest bank still managed to beat Wall Street expectations yesterday thanks to strength in its bond trading business.
Thursday 14 June 2012
Fears that media giants BSkyB and BT overpaid in their £3 billion Premier League deal sent shares in the pair sharply lower today.
Sunday 13 May 2012
Terra Firma, the private equity group run by Guy Hands, is expected to start fundraising within 12 months.
Monday 30 April 2012
The owner of 445 care homes which is responsible for looking after some 20,000 residents has agreed to be sold to financier Guy Hands' private equity firm for £825 million, it was announced today.
Thursday 19 April 2012
Outlook Talking of bankers, it seems that now American investors are squaring up for a fight over their pay.
Wednesday 18 April 2012
Shareholders in Citigroup, one of the world's largest banks, gave a stinging rebuke to chief executive Vikram Pandit last night by rejecting his $50m pay package at their annual meeting.
Monday 02 April 2012
Sony Music Entertainment is among several suitors that are seeking to acquire the live music business of HMV, the embattled entertainment retailer, for about £65m.
Wednesday 29 February 2012
Trust the people! Unlike Greece and Italy, Ireland has an elected Prime Minister with a mandate to push through the austerity programme. He and this cabinet clearly deemed it safer to take the legally solid route and go for a referendum on the new EU fiscal compact. Since the present coalition and the principal opposition support the policy it would be odd if the people were to throw it out.
Sunday 19 February 2012
Universal Music is poised to file with Brussels for approval of its £1.2bn takeover of EMI’s recorded music arm as early as this week.
Thursday 19 January 2012
Eastman Kodak, the photography icon that invented the hand-held camera and helped bring the world the first pictures from the moon, has filed for bankruptcy protection, capping a prolonged plunge for one of America's best-known companies.
Wednesday 18 January 2012
A wipeout in its equity derivatives business helped push Citigroup's investment bank into the red, presaging grim news for staff awaiting their bonuses.
Wednesday 11 January 2012
Pension liabilities among British businesses swelled to a record £255.2bn in December as the Bank of England waded into the market to buy government bonds, the latest figures from the Pension Protection Fund revealed yesterday.
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