HSBC’s Swiss private bank today received a record fine from Hong Kong authorities for “systemic failings” around selling derivatives from US bank Lehman Brothers weeks before its devastating.. City A.M.
(Reuters) - Goldman Sachs Group Inc has written down to zero the value of its stake in the Weinstein Company, the movie studio whose co-chairman Harvey Weinstein stepped down last month following.. Source: Wochit Business -
Morgan Stanley has released the stocks its analysts think could lose more than half their value. Analysts say the value could diminish in the next 12-18 months. These "secularly challenged stocks," as.. Source: Wochit Business -
For more than five years, Uber and Lyft have been locked in a battle to become the ultimate ride-hailing service. Uber has been the leader for years, but recent disputes with employees and drivers have.. Source: Wochit Business -
HONG KONG (Reuters) - A Hong Kong tribunal on Tuesday imposed a fine of HK$400 million ($51 million) on the private banking unit of HSBC in a case related to the sale of Lehman Brothers-linked.. Reuters
Chinese banks have jumped up international regulators’ rankings of the banks which are most crucial to the global financial system as Citigroup and BNP Paribas fell down the list.
Both Bank of.. City A.M.
Time is running out for the London Stock Exchange (LSE) Group to call a meeting which will decide the fate of its chairman and chief executive, in a public battle with a major shareholder.
The LSE.. City A.M.
Court of Appeal judgment: Burlington Loan Management and others v Lomas and others (as the joint administrators of Lehman Brothers International (Europe) (in administration))  EWCA Civ 1462 Mondaq
Most commentators blame the banks (or “the banksters”) for the global financial crisis of 2008 and the ensuing Great Recession.
According to a much-repeated script, in the years running up to.. City A.M.
The government did not force Lloyds TSB to buy HBOS at the height of the financial crisis, the High Court heard today, as the first former Lloyds executive gave evidence in a £550m legal case brought.. City A.M.
Mid-October is not a great time for the City, it turns out. Yesterday was the 30th anniversary of Black Monday; it was during October 2007 that we began a headlong plunge into the global financial.. City A.M.
September marked the 10th anniversary of the moment most people had their first inkling all was not completely well with the global financial system.
On 13 September 2007, word began to spread that.. City A.M.
Thursday 5 October, 2017JERSEY, CHANNEL ISLANDS, OCTOBER 5, 2017 - The team behind the first regulated bitcoin hedge fund and Exchange Traded Bitcoin notes, is announcing CoinShares - new home to their.. Pressat
(Reuters) - Citigroup Inc and Lehman Brothers Holdings Inc resolved a fight over $2.1 billion that dates to the financial crisis era after Citigroup agreed to give back $1.74 billion to the estate of.. Reuters
North American shale oil and gas companies have proven that they can adapt their business model through the lower crude oil prices cycle. Now, the new challenge for shale producers is how to adjust.. OilPrice.com
A notification from Facebook recently reminded me that I landed in London nearly nine years ago to study journalism.
Almost simultaneously the world went through the pain of the global financial.. City A.M.
PwC’s lead as the UK’s largest accountancy firm has been cut after annual profits fell and sales growth slowed.
The Big Four accountant’s revenues grew by five per cent to £3.6bn. But profits.. City A.M.