Hewlett-Packard Co on Tuesday took a massive $5 billion charge, claiming a raft of failures at software firm Autonomy.
Xstrata’s chairman is to resign once the merger with Glencore is completed, bowing to shareholder anger over a proposed multimillion-dollar payout to executives.
UBS trader Kweku Adoboli was jailed for seven years on Tuesday for the biggest fraud in British history, which cost the Swiss bank $2.3 billion.
The former hedge fund manager accused of a $250 million insider trading scheme worked for some time for SAC Capital.
Credit Suisse is splitting its global investment banking operations from those in Switzerland as it seeks to adapt to what it calls “the new regulatory reality”.
Banks are urging regulators and politicians to rethink new U.S. rules governing international money transfers just months before they are due to come into effect.
Chevron, the U.S. oil group, has filed a complaint calling for an investigation of the comptroller of New York state.
The French and German governments are looking at forming a new shareholder pact at EADS, under which each would hold a stake of 12 percent in the company.