A published report says the Swiss bank UBS is preparing to cut about 400 jobs.
Investors are repeatedly warned against trying to read markets based on headlines and trends. But what about using social media?
Royal Bank of Canada has confirmed its deal to acquire the Canadian auto finance and deposit business of Ally Financial Inc. The bank says the deal will strengthen its position as a consumer and commercial lender, as well as significantly increase its presence in auto-related financing. The net cost for the deal will be about […]
Ex-employee Greg Smith’s 277-page book, Why I Left Goldman Sachs, is now for sale. But while it paints an unflattering picture of the firm, reports FT.com, it doesn’t contain any new information that could jeopardize the U.S. investment bank. Smith’s resignation coincided with a New York Times op-ed piece where he blamed the bank, saying […]
Natural gas producer Progress Energy Resources was disappointed Friday after the federal government rejected a Malaysian state-owned energy giant's proposed takeover bid for the Calgary company.
You may not want to ditch your iPhone or BlackBerry in favour of an Android smartphone just yet. There have been recent malware attacks targeting the operating systems of phones from Samsung, HTC, Pantech, and Motorola, reports Forbes. Read: Protect your corporate network One malware, Loozfon, uses a bogus work-at-home opportunity promising a profitable payday […]
The British Bankers’ Association (BBA) wants all UK bankers to join an independent professional body, similar to that of lawyers and doctors, reports FT.com. If approved, bankers that breach ethical or professional standards risk being barred from the business. This general register would go beyond the Financial Services Authority’s register, which applies to senior management […]
The fraud trial of Weizhen Tang—the self-proclaimed “Chinese Warren Buffett”—took a bizarre twist yesterday when Tang took the witness stand to launch his own defense, reports the Globe and Mail.
A U.S. woman is launching a class action lawsuit on some of the world’s biggest banks, including Barclays, Bank of America and UBS. She claims their hand in the setting of LIBOR made mortgage repayments more expensive than they should’ve been between 2000 and 2009, reports FT.com. Read: LIBOR losing benchmark status? The subprime, adjustable-rate […]
Statistics Canada says households are more in debt than previously thought.