Barclays chairman quits over rate-fixing scandal
(Reuters) – Barclays Plc chairman Marcus Agius quit on Monday, saying “the buck stops with me” after an interest rate rigging scandal that has dealt...
Tag : Business
UK banks face new scandal; Barclays boss in peril
(Reuters) – Britain will expose on Friday a second scandal involving the country’s banks in as many days, as Barclays boss Bob Diamond clings to...
JPMorgan likely to post $4 billion to $6 billion trade loss
(Reuters) – JPMorgan Chase & Co’s losses from disastrous derivatives trades will likely amount to $4 billion to $6 billion in the second quarter, far...
News Corp board approves company split: source
(Reuters) – The board of News Corp approved in principle splitting the $60 billion media conglomerate into separate publishing and entertainment businesses, a person familiar...
Barclays paying $453 million to settle Libor probe
(Reuters) – U.K. bank Barclays will pay $453 million to U.S. and British authorities to settle allegations that it manipulated key interest rates, increasing pressure...
Insight: John Paulson’s returns falter again; investors fret
(Reuters) – Billionaire trader John Paulson has told his wealthy investors that he has learned from his mistakes of 2011, which produced enormous losses for...
Glencore expected to sweeten terms to win Xstrata
(Reuters) – Commodities trader Glencore (GLEN.L), scrambling to save its $26 billion bid for miner Xstrata (XTA.L), will need to sweeten the terms or put...
Appeasing investors, Murdoch moves to split empire
(Reuters) – Rupert Murdoch’s News Corp took a major step in satisfying shareholders’ concerns for a more growth-focused business with a plan to separate its...
Big banks craft ‘living wills’ in case they fail
(Reuters) – Five of the biggest banks in the United States are putting finishing touches on plans for going out of business as part of...