HSBC, which is already embroiled in a money-laundering scandal that could lead to large fines and possible criminal charges, now also faces a new tax scandal. British tax officials are said to be examining bank accounts opened in the tax haven of Jersey.
Meanwhile, the company's CEO is set to lay out his plan to shareholders in New York on Tuesday.
A top economic advisor to the Romney campaign appears to have jumped off the party ship, endorsing on Election Day an initiative critical of the Republicans and their presidential nominee.
Sheryl Sandberg, COO and director of Facebook (Nasdaq: FB), joined the parade of insiders who have cashed in on the company's public status.
The top after-market Nasdaq gainers Friday were Blucora, BroadSoft Inc, Pixelworks Inc, Provident Financial Holdings Inc and Theravance Inc. The top after-market Nasdaq losers were ICF International Inc, Oplink Communications Inc, Trimble Navigation Limited and NetSpend Holdings Inc.
Bankers in Switzerland were fuming at what they saw as the bungled strategy of the bank's new Italian managers.
Meteoreologists using the fastest supercomputers, software and satellites track Hurricane Sandy trying to forecast danger and damage.
U.S. companies announced thousands of layoffs last week, including many on Friday, despite economic growth.
Asian markets fell in the week with investor sentiment turning negative following the disappointing corporate earnings in the U.S. indicating that the global economic growth momentum continues to falter.
European markets fell Thursday as investor sentiment was weighed down by the anticipation that the consumer confidence data for France and Germany to be reported later in the day might confirm the gloomy outlook for household consumption.
Asian markets rose Thursday as investor sentiment was lifted with the encouraging report on the rise of the new homes sales in the U.S., in an indication that the world’s largest economy is regaining the growth momentum.
Rajat Gupta, a former Goldman Sachs director, will do hard time for insider trading.
European markets fell Monday as investor sentiment turned negative with the revival of concerns over the debt crisis affecting the euro zone following the continuing financial instability in Greece and the delay in Spain asking for a bailout officially.
Talking heads were scrambling to explain the sudden departure of Citigroup, Inc. (NYSE: C) Chief Executive Vikram Pandit Tuesday.
Ahead of his sentencing later this month, former director of Goldman Sachs Rajat Gupta has got support from prominent personalities like former U.N. Secretary-General Kofi Annan and Microsoft co-founder Bill Gates who advocated a lenient sentence for insider trading, the Wall Street Journal has reported.
The financial press fawned over the quarterly results of JPMorgan Chase & Co. (NYSE: JPM) Friday. But why?
Asian markets fell Wednesday as investor sentiment was weighed down by the concerns that China’s economic slowdown would impair the growth of the global economy.
European markets rose Tuesday as investor sentiment turned positive with hopes that Greece will shortly receive the required bailout fund needed to overcome the financial instability it is facing.
Most of the Asian markets rose Tuesday though investor optimism about stimulus measures reviving the global economy was undermined after the International Monetary Fund raised concerns about the global economic growth.
European markets fell Monday as investor sentiment turned negative with the revival of concerns over the debt crisis affecting the euro zone following the continuing financial instability in Greece and the delay in Spain asking for a bailout officially.
European markets rose Friday as investor sentiment turned positive after the European Central Bank confirmed in its policy meeting at Ljubljana, Slovenia, Thursday that it was ready to commence its bond-buying program which is aimed at reducing the debt burden faced by the euro zone.