Standard Chartered exits global equities business, to axe 4,000 retail bank jobs
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
Economics Lessons from the Latest Nobel Laureate Jean Tirole
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
Swiss firm Geberit offers to buy Finnish Sanitec for $1.35 Billion
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
World’s Third Largest Retailer under Investigation by Financial Watchdog
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
British Barclays to sell Spanish Unit to Caixabank at a loss of £500 Million
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
Goldman Sachs Settles $3.15 Billion FHFA Lawsuit
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
Standard Chartered Faces $300M Penalty over Laundering Controls
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
BofA Inks Record: Offers biggest settlement in American history
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
Facebook's Stock Hits New High, Propelled by Mobile Ads
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
