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Finance


2014-05-30 09:35:40

U.S. authorities are seeking more than $10 billion from BNP Paribas SA (BNP) to settle federal and state investigations into the lender’s dealings with sanctioned countries including Sudan and Iran, according to a person familiar with the matter.
 

2014-05-29 09:42:30

Apple Inc. (AAPL) agreed to buy Beats Electronics LLC for $3 billion, its biggest-ever acquisition, nabbing a popular line of headphones and a nascent subscription music-streaming service as the iPhone maker seeks to rev up growth.
 

2014-04-08 08:55:29

JPMorgan Chase & Co. (JPM) named Carlos Hernandez co-head of global banking with Jeff Urwin as corporate and investment-banking chief Daniel Pinto overhauls the division’s leadership.
 

2014-04-04 09:51:48

JPMorgan Chase & Co. (JPM), the biggest U.S. bank by assets, said its operation that produced a $6.2 billion trading loss in 2012 will be merged with another business unit.
 

2014-04-04 09:51:29

JPMorgan Chase & Co. (JPM), the biggest U.S. bank by assets, said its operation that produced a $6.2 billion trading loss in 2012 will be merged with another business unit.
 

2014-04-04 09:51:17

JPMorgan Chase & Co. (JPM), the biggest U.S. bank by assets, said its operation that produced a $6.2 billion trading loss in 2012 will be merged with another business unit.
 

2014-03-31 10:50:22

China Construction Bank Corp. (939), the nation’s second-largest lender by market value, posted profit growth that beat expectations as lending margins widened.
 

2014-03-25 13:24:38

Five former aides to Bernard Madoff who spent decades working for his firm were found guilty of helping run the biggest Ponzi scheme in U.S. history, a $17.5 billion fraud exposed by the 2008 financial crisis.
 

2014-03-22 09:45:32

The Federal Reserve corrected figures released yesterday for at least 15 of the 30 biggest U.S. banks in an annual stress test, without changing how many fell below minimum requirements under a worst-case scenario.
 

2014-03-15 10:32:09

Bank of America Corp., Citigroup Inc. (C) and Credit Suisse Group AG (CSGN) were among 16 of the world’s biggest banks sued by the U.S. Federal Deposit Insurance Corp. for allegedly manipulating the London interbank offered rate from 2007 to 2011.
 

2014-03-14 11:27:44

Ping An Insurance (Group) Co. (2318), China’s second-biggest insurer, said profit rose 40 percent last year as premiums and banking revenue grew and investment returns improved.
 

2014-03-14 11:23:59

Singapore plans to regulate virtual-currency intermediaries including operators of Bitcoin exchanges and vending machines to address potential money-laundering and terrorist-financing risks.
 

2014-03-12 15:59:19

Banca Monte dei Paschi di Siena SpA, the bailed out Italian bank seeking to raise 3 billion euros ($4.2 billion) in a share sale, reported a seventh straight quarterly loss on provisions and restructuring costs.
 

2014-03-12 15:58:31

Billionaire Wilbur Ross invited Paul Ryan over for lunch. Goldman Sachs (GS) Group Inc. and Wells Fargo & Co. (WFC) bankers met with Rand Paul at a fundraiser in Atlanta. Investor Rob Arnott dropped in on Ted Cruz.
 

2014-03-06 11:04:34

South Korea, where Standard Chartered Plc (2888) has written down $1 billion from its domestic unit, will “remain challenged” in the near term, said Jaspal Bindra, head of the lender’s Asian business.
 

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