Sinopec made a lackluster market debut on Thursday, casting doubt on a nascent recovery in IPO issuance in the city as investors remained cautious because of a weaker local stock market.» Read More
Barclays was forced to name former heads Bob Diamond and John Varley, finance director Chris Lucas and other top executives and traders linked to a global rate-fixing probe, despite their calls for anonymity.
"It's just not fair" how investors are treating Apple, CNBC's Jim Cramer said Thursday.
CNBC's Maria Bartiromo speaks to Axel Weber, UBS Chairman at the World Economic Forum in Davos, regarding banking regulations and the state of the financial industry.
Barclays has launched a consultation with staff in its investment bank whose jobs are at risk following a strategic review by new Chief Executive Antony Jenkins, the bank said on Tuesday.
The number of financial services staff sacked or suspended in Britain last year for reasons such as wrongdoing reached the highest level in five years, law firm Pinsent Masons said on Monday.
Some of the names on the move ahead of the open.
UBS has yet to fully purge itself of a global interest rate scandal that has put it at risk of a wave of costly civil suits, its investment banking chief said on Wednesday.
Private equity firm Carlyle Group sold its remaining stake in China's No.3 insurer CPIC in a deal valued at $793 million, exiting the business with its largest dollar profit on an investment.
Another nail in the coffin of pre-credit crisis bonus culture is set to come with the 2012-13 bonus season.
One analyst listed bank stocks he expects to rise and told CNBC that he sees the early stages of a capital markets recovery.
Bharti Infratel, backed by billionaire Sunil Mittal, fell as much as 12.7 percent in its trading debut after raising about $760 million in India's biggest IPO in two years, weighed down by a cautious outlook for mobile tower operators.
Major banks' stocks have been on a tear lately, but one analyst is wary of big challenges in the new year.
Japan's Mitsubishi Chemical will acquire Qualicaps from U.S.-based Carlyle Group, a person familiar with the matter said on Tuesday, rewarding the buyout firm's second attempt to sell the drug capsule maker.
The actions of the next several days could determine whether the U.S. economy's improvement continues or hits the "fiscal cliff."
Block deals hit a record $57.3 billion this year as they become the mainstay of Asian investment banks, bringing relief to IPO-starved equity capital markets (ECM) bankers in the region.
Private clients who have stood by UBS through repeated scandals will have their faith tested by the Swiss bank's admission of rate rigging, investors say.
Dan Scott, head of event driven research at Credit Suisse, tells CNBC that UBS favors equities which are exposed to the recovery in consumer spending.
Hong Kong's de facto central bank said it is investigating possible misconduct by UBS over its submission of interbank rates, raising the possibility that the bank could face another fine a day after it agreed to pay $1.5 billion for its role in the Libor scandal.
Chinese display-advertising provider Focus Media said on Wednesday it had agreed to be acquired by a consortium of private equity funds led by Carlyle Group for about $3.7 billion.
Bart Chilton, Commodities Futures Trading Commission commissioner, discusses the Swiss bank's fine and role in manipulating global benchmark interest rates.