Britain's largest listed insurer Prudential Plc said it had appointed JP Morgan's Asia asset management business boss Michael Falcon to lead its North American business unit, effective Jan. 7.
Investors searching for perpetrators and victims in this week's U.S. stock market selloff pointed to a familiar source: number-crunching fund managers and machines.
The market's quick and hard-to-explain declines this week led some investors to point fingers at number-crunching fund strategies designed to control and balance risk.
A continued surge in interest rates could sink a plan under consideration by Chicago Mayor Rahm Emanuel's administration for a massive bond sale to boost pension funding, a city official said on Thursday.
Tired of being cast as the poster child for big banks behaving badly, Wells Fargo & Co has been expanding its presence in the nation's capital to convince lawmakers it has changed and talking up its charitable work in their districts.
Come January, most U.S. retirees will get some welcome news when they check their bank accounts - the biggest inflation adjustment to Social Security benefits in eight years.
William Ackman said on Tuesday his activist hedge fund Pershing Square Capital Management LP has built a roughly $900 million position in Starbucks Corp , betting the world's biggest coffee chain can overcome stagnant sales in its home market.
