Standard Chartered exits global equities business, to axe 4,000 retail bank jobs

Standard Chartered exits global equities business, to axe 4,000 retail bank jobs

By Anna Domanska - Jan 08, 2015

According to reports, Standard Chartered is closing its global cash equities business and is also axing around 4,000 jobs worldwide at its retail banking division in an abrupt move

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Economics Lessons from the Latest Nobel Laureate Jean Tirole

Economics Lessons from the Latest Nobel Laureate Jean Tirole

By Carrie Ann - Oct 14, 2014

On Monday, Jean Tirole, a 61-year old professor at France’s Toulouse University, pulled out a Noble prize winning trump card which would make all the world economists envy. He wa

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Swiss firm Geberit offers to buy Finnish Sanitec for $1.35 Billion

Swiss firm Geberit offers to buy Finnish Sanitec for $1.35 Billion

By Carrie Ann - Oct 14, 2014

Geberit of Switzerland, maker sanitary equipments, said it would buy Sanitec Corporation, Finnish maker of toilets and bathroom ceramics, for $1.4 billion in cash, in what could b

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World’s Third Largest Retailer under Investigation by Financial Watchdog

World’s Third Largest Retailer under Investigation by Financial Watchdog

By Carrie Ann - Oct 01, 2014

Britain’s top financial watchdog, the Financial Conduct Authority on Wednesday launched a full investigation into UK’s largest supermarket chain and world’s third largest

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British Barclays to sell Spanish Unit to Caixabank at a loss of £500 Million

British Barclays to sell Spanish Unit to Caixabank at a loss of £500 Million

By Carrie Ann - Sep 01, 2014

Caixabank SA, Spain’s third-largest bank by market capitalization has agreed to buy Barclays PLC’s retail banking division in Spain for 800 million Euros ($1.05 billion) as the

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Goldman Sachs Settles $3.15 Billion FHFA Lawsuit

Goldman Sachs Settles $3.15 Billion FHFA Lawsuit

By Carrie Ann - Aug 23, 2014

Goldman Sachs said on Friday that it has agreed to pay $3.15 billion, its largest bill yet to resolve a government lawsuit related to the financial crisis. The settlement is said

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Standard Chartered Faces $300M Penalty over Laundering Controls

Standard Chartered Faces $300M Penalty over Laundering Controls

By Carrie Ann - Aug 20, 2014

Standard Chartered Bank China in Guangzhou Tianhe British multinational banking and financial services company Standard Chartered PLC will pay a $300 million (180.52 million pounds

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BofA Inks Record: Offers biggest settlement in American history

BofA Inks Record: Offers biggest settlement in American history

By Carrie Ann - Aug 07, 2014

Bank of America Corp. and the U.S. Justice Department have finally put an end to probes stemming from sales of mortgage-backed bonds that fortified financial crisis, according to a

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Facebook's Stock Hits New High, Propelled by Mobile Ads

Facebook's Stock Hits New High, Propelled by Mobile Ads

By Carrie Ann - Jul 25, 2014

Social media giant Facebook once again demonstrated its mastery of the mobile computing wave by reporting bumper earnings growth in revenue and profits for the second quarter, than

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