Former Credit Suisse VP accused of trade secrets theft for Goldman Sachs
Credit Suisse, the second-largest Swiss bank accused a former vice president for emerging markets, Agostina Pechi, who has …
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ECB cut key interest rate to a record low of 0.5 percent
The European Central Bank decided today to cut the key interest rate to the lowest level in history, …
Deutsche Bank to raise 4.9 billion euros for capitalization
Deutsche Bank AG, the largest bank in continental Europe, will raise €4.9 billion euros from investors for capitalization, …
Singapore might replace Switzerland as the largest wealth center
Singapore is the fastest growing in the world of wealth management activities. Assets under management in the Singapore …
IMF reduced its estimate for the global growth
IMF lowered the global economic growth estimate by 0.2 percentage points to 3.3%, and requires from Europe an …
Citigroup profit in the first quarter was up 30 percent
Citigroup Inc. (NYSE:C), the third largest retail bank in the U.S., beat market estimates and reported a 30% …
Hundreds celebrated Margaret Thatcher’s death in Trafalgar Square
Hundreds of Margaret Thatcher’s contestants gathered Saturday night in Trafalgar Square in London to celebrate in the rain …
Chocolate: child trafficking, women harassment and hard work
There is a multitude of chocolate products on the market: ice cream, cookies, hot chocolate or dark chocolate. …
JPMorgan profit rose 33 percent in the first quarter to $6.5 billion
The profit of JP Morgan Chase (NYSE:JPM), the largest U.S. bank by assets, rose 33% in the first …
China’s forex reserves, the largest in the world
China’s foreign currency reserves rose in the first quarter by $130 billion, reaching a record $3,440 billion, roughly …