Barclays is in talks about selling Barclays Global Investors for about $10bn. The development follows the initial auction for iShares, the exchange-traded funds unit of BGI that Barclays agreed to sell to CVC in April
LONDON (Reuters) - Tidjane Thiam, chief executive designate of insurer Prudential, on Thursday said there were no plans for a radical re-shaping of the group when he assumes the top job in October.
NEW YORK (Reuters) - A group of major banks including Citigroup , JPMorgan Chase and Barclays has sued MBIA , charging that the bond insurer illegally restructured its operations by moving $5 billion (3.3 billion pounds) of assets and leaving a key unit effectively insolvent.
BT says it will cut about 15,000 jobs this year, most in the UK, as the telecoms giant reports an annual loss of £134m.
The Japanese car giant is planning a management overhaul as Akio Toyoda takes over as chief executive, which will see 40% of senior managers replaced and its North American arm reorganised
The former telecoms monopoly is cutting its final dividend by nearly 60% – the first reduction in seven years – after a poor performance at Global Services, its troubled IT services division
In the two months since it launched, the Obama administration’s foreclosure prevention plan has outperformed the government’s previous attempts, offering more than 50,000 homeowners lower-cost mortgages.
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