Former UBS trader Kweku Adoboli, imprisoned for seven years for gambling away $2.3 billion (2.1 billion euros) in Britain's biggest ever fraud, has been released, a source said Wednesday.
The new World Wealth Report for 2015 was released last week from Cap Gemini and RBC Wealth Management. The focus is on the population of high-net-worth individuals, or HNWIs, as the report calls them. The report, based on a survey of more than 5,100 wealthy people in 23 major markets, is packed with fascinating data and graphics.
Stocks closed higher on Monday, following a global rally in equities, as investors cheered signs of progress in the Greece debt negotiations.
WASHINGTON (MarketWatch) — It’s that time of year again: the U.S. economy is heating up along with the weather.
Stocks closed about 1 percent higher on Thursday, with the Nasdaq topping its intraday high from March 2000. The Fed's dovish statement from Wednesday afternoon boosted investor sentiment amid the Greece debt talks.
Investors checking stocks’ vitals got a reading from Fitbit Inc.’s public debut Thursday.
Shares in the maker of wearable fitness trackers surged almost 50% in first-day trading, even after it sharply raised the size of its deal, highlighting a renewed vigor for U.S. initial public offerings and easing fears that demand for new issues would drop sharply from last year’s highs.
Blame it on shoddy merchandise, the wrong size or buyers’ remorse: What consumers worldwide buy and then return totals a staggering $642.6 billion annually.
The prospect of Greece missing a 1.5 billion euro ($1.7 billion) payment to the IMF due by the end of June theoretically places the country on track to Fund expulsion.
Four major banks have reached separate agreements to settle a US civil lawsuit over alleged foreign-exchange rigging in deals totaling nearly $1 billion, sources close to the situation said Wednesday.
A limit-up gain of 44 percent on opening day was all but guaranteed, thanks to regulatory pressure on companies to keep offering prices low, and it didn’t stop there. Half of the initial public offerings this year through mid-May jumped more than 300 percent in their first month.