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British insurer Prudential has appointed Mike Wells, head of its U.S. business,as its new chief executive to replace Tidjane Thiam.
British regulators have challenged their US peers over their reluctance to subject Warren Buffett's Berkshire Hathaway to tougher scrutiny. The Financial Times reports.
Narendra Modi last month passed legislation allowing foreign players to increase their stakes in local joint ventures. The Financial Times reports.
Noble Group's 30 percent share-slump over the past month has made it attractive to Asian companies that want a bigger slice in global commodities trading.
Asian equities were lower across the board on Wednesday, pressured by a plunge on Wall Street overnight and as a string of China data fell short of expectations.
U.S. stocks closed more than 1.5 percent lower at one-month lows, pressured by a surge in the dollar and some weakness in oil.
The outgoing Credit Suisse chief executive told CNBC that the decision to leave the Swiss bank was reached mutually, adding that he had "accomplished quite a lot."
Europe closed sharply down on Tuesday, as the sell-off in US stocks gained momentum, with investors spooked by oil price weakness and dollar strength.
Brady Dougan, outgoing CEO of Credit Suisse, says it's "an unusual time for the markets," which will continue for some time.
Brady Dougan, outgoing CEO of Credit Suisse, says that his replacement, Tidjane Thiam, has courage, good vision and a background that is ideal for the business.
Brady Dougan, outgoing CEO of Credit Suisse, says that the decision to leave the Swiss bank was jointly decided with the board, and that a high priority for him was to make sure there was a smooth transition with his departure.
U.S. stock index futures indicated a sharply lower open on Tuesday, as a fresh dip in the oil price weighed on investor sentiment.
There are "huge opportunities" for Swiss banking giant Credit Suisse, its incoming CEO Tidjane Thiam told CNBC Tuesday.
Tidjane Thiam, outgoing CEO of Prudential, says that he always knew he'd leave Prudential someday, and that he doesn't know who will take his position.
Tidjane Thiam, outgoing CEO of Prudential, says he believes "in renewal" within a business structure.
Tidjane Thiam, outgoing CEO of Prudential, talks about his move to Credit Suisse, adding that he has complete respect for his predecessor, Brady Dougan.
Barely an hour after the appointment of Tidjane Thiam at Credit Suisse, industry experts were already extolling the benefits he could bring.
Chris Skinner, CEO of Balatro, says the positive share price move in Credit Suisse reflects Tidjane Thiam's appointment as CEO, rather than Brady Dougan's resignation.
Credit Suisse confirmed Tuesday that CEO Brady Dougan will step down in June 2015, to be replaced by Tidjane Thiam.
Chris Wheeler, banks analyst at Atlantic Equities, says it's time for Credit Suisse CEO Brady Dougan to step down, adding that Prudential CEO Tidjane Thiam is an "innovative appointment."