CNBC's Wilfred Frost reports on Goldman Sachs, which is set to pay nearly $3 billion in penalties related to 1MDB scandal. The bank will claw back tens of millions in executive bonuses, according to a source.
Equity Bank agreed to buy most of the assets, and assume all the deposits, of Almena State Bank.
33,000 extra workers to help handle surge in parcels from online shopping
Royal Mail is to hire a record 33,000 temporary workers for the Christmas period – two-thirds more than usual – to handle the UK festive parcel frenzy triggered by the surge in online shopping.
Christmas is always the busiest time for the postal service, but this year it is seeking record numbers of temporary recruits to help to sort an even higher flow of packages as high-street closures during the pandemic have forced shoppers online.
The Houston Chronicle business reporter Erin Douglas has been hired by the Texas Tribune to cover environment. She will start Nov. 9. At the Chronicle, Douglas covered Houston region’s biggest companies and corporate executives. Douglas previously...
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Lufax said it will issue 175,000,000 American depositary shares (ADS) which will be priced between $11.50 and $13.50 per share
This five-part series is a comprehensive effort to explain the racial discrimination Black Americans face in our financial system.
Small firms are borrowing big sums to survive. They must be given the option of a debt-for-equity swap with the Treasury
Britain is sleepwalking into a debt crisis that will undermine its prospects of a sustainable recovery.
It’s not the debts of the government that are at issue; it is the monumental amount of borrowing by the private sector, much of it from the Treasury, that will hang like a dead weight on the shoulders of thousands of businesses, possibly for a decade.
Bloomberg Law senior legal reporter Valerie Bauman will become a senior investigative reporter for Bloomberg Industry Group starting next week. She had been covering health care and pharmaceutical issues. She previously covered immigration, jobs...
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Barclays on Friday reported a net profit attributable to shareholders of £611 million ($797.7 million) as the British lender attempts to plot a recovery from the coronavirus pandemic.
Lenders have spent months puzzled by the persistently low delinquencies on their credit cards. Now, they’re seizing the moment.