As Credit Suisse booked its first full-year loss since 2008 on Thursday, CEO Tidjane Thiam asked his bonus to be reduced. The financial group reported a worse than expected net loss in 2015.
Feeling the heat of competition in the global payments industry, American Express (AmEx) is in the process of reducing costs by $1billion by end of 2017. AmEx posted losses for the fourth quarter consecutively. The net income dropped from $1.44 billion to $873 million or 80 cents per share for the quarter. The forecast for this year disappointed investors and analysts.
Investors betting that oil prices will recover are starting to support the battered prices of high-yield bonds from exploration and production (E&P) energy companies.
BlackBerry's cash reserves may only last until 2014.
JP Morgan Chase & Co. CFO Marianne Lake forecast losses from its mortgage origination business during her presentation to investors held last Monday.
Regions Bank was “attacked” Friday and it is not clear who will pay the losses.
"The Wolverine" is expected to "heal" Hollywood from big-budget losses.
Ryan Braun's suspension will cost him US$3 million and make him miss the final 65 games.
JPMorgan Chase & Co. and Wells Fargo & Co., lost US$6.5 billion in combined equity that threatened levels of capital across the industry.
Siemens to close Solel, its solar energy unit after failing to sell off the business.
Severn Trent rejection of the LongRiver consortium bid causes ripples in the mergers and acquisitions market as well as losses for hedge fund firms anticipating the buyout sale.