NYSE Euronext said that it would take over the London interbank offered rate (Libor) from the British Bankers' Association.
Firm Management
India banks brainstorm to save rupee amid volatility
The Indian currency slowly depreciated amid the volatile investment atmosphere. In response to the slowly depreciating rupee, the government of India is looking at any possible options available to them, said the country's Chief Economic Adviser Raghuram Rajan.
China to boost technology, energy-saving in reform drive
China planned to promote technology and boost the progress in energy-saving industries to unleash the economy's potential.
German Finance Minister approached UBS about acquiring 17% stake in Commerzbank - magazine
Wolfgang Schaeuble initiated exploratory talks with the chairman of UBS about its stake in Commerzbank.
Vivus tells investors it is open to settlement
Vivus wanted to reach a settlement with the biggest investors for board control. Today, Vivus Inc. told investors and experts in a conference that it considered discussing a possible settlement with stockholder First Manhattan Co.
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CFTC was close to a compromise on how the regulator's rules applied to foreign corporations dealing with banks in the US.
The European Commission proposed the creation of a new agency that would close and revamp failed banks.
Angela Merkel wanted to push for free trade but told EU allies not to sweep America's secret surveillance under the carpet.
Calpers, a US $259 billion fund, delays the launching of its database that would make known information about their pensioners.
A global blueprint that was supposed to eradicate manipulation of benchmarks was expected to stumble due to patchy implementation.
According to data from Reuters, adviser departures in 2013 were lower than 2012. There were about 200 teams of veteran advisers who moved so far this year until the end of June.
Merrill Lynch offices in New York and Washington D.C. hired advisers from rival, Morgan Stanley. Bank of America Corp's Merrill Lynch hired veteran brokers from its rival, Morgan Stanley Wealth Management.
Prime Minister Shinzo Abe faced a tough test on whether or not permit foreign firms operating in Japan to easily fire out workers after IBM was sued for illegal termination of employees.
Highbridge Capital Management has new CEO after its co-founder handed over the management reins to Scott Kapnick.
