UniCredit is examining an option to trim its headcount as part of the cost cutting measures to enhance profitability of the bank. Towards this, the Italy's biggest bank by assets would cut 10,000 jobs or seven percent of the total workforce.

The Swiss bank Credit Suisse Group AG will have to shell out $80 million in fines and disgorgement to the US regulators in an alternative trading-related settlement case. Credit Suisse didn't reveal its operations in dark pool private share trading exchange to the clients.

Four major banks -- Bank of New York Mellon, Deutsche Bank, Credit Suisse and Goldman Sachs -- have reached an agreement with New York State's Department of Financial Services (DFS) over record keeping for the Symphony messaging system.

Microsoft sent invitations for a press event on October 6 to be held in New York City. It is more likely that the software company will introduce new devices for Windows 10 ecosystem. After its press launch in Germany, Microsoft is ready to unveil its newest set of devices. According to the reports, the event will start at 10 am ET. Lumia smartphones, Surface Pro 4 tablet and Microsoft Band 2 activity tracker will be highlighted on October 6.

General Electric Co. puts together a digital unit to catapult itself to the top of the world of software. The unit will comprise of GE's Silicon Valley software center, its global IT and commercial software teams, and its industrial security operations.

Nintendo appointed Tatsumi Kimishima as its new president prior to Satoru Iwata's death last July. Beginning September 16, Kimishima will be in charge. After Iwata died two months ago, Nintendo had made an official statement appointing the new representative director and president, Tatsumi Kimishima, Wired reported.

Kuwait telecom major Zain has decided to invest in technology firms that boost the weakening margins following the sluggish subscriber numbers and drop in revenues. As part of its investment strategy to boost margins, Zain will invest in two digital advertising companies. Zain is also focusing on smart city projects, online advertising, and television services.

Jeb Bush in his latest speech and in his article in The Wall Street Journal (WSJ) came down heavily on 'Carried interest' of the corporate big shots while maintaining focus on tax structure. As part of the tax reform plan, his aim to using capital gains tax rate is also raising many eyebrows. Market analysts forecast that the move would pinch Wall Street's wallet significantly.

Google named John Krafcik, a former Hyundai Motors CEO, as the new chief executive for its self-driving car. Krafcik will serve the company later this month. John Krafcik, a former CEO of Hyundai Motors will join Google as the chief executive to handle its self-driving car. Krafcik is currently the president of TrueCar, an eCommerce site for automobiles. He's also been a chief engineer of Ford.

The Diamonds hit maker singer, Rihanna is now in a relationship with American rapper, Travis Scott. The two were spotted together multiple times. Rihanna reveals she really like Travis because of his personality.