Citigroup isn’t entitled to payment in a $270 million dispute with commodities trader Mercuria Energy Group, a London court ruled.
A recent Tax Court ruling cleared a couple’s use of so-called Crummey trusts to give $1.6 million free of U.S. gift or estate tax.
Germany may have posted slower growth and sluggish surveys, but the economy looks to be in decent shape.
After a stinging rebuke from shareholders at Thursday’s annual meeting, Deutsche Bank co-chief executives Anshu Jain and Jürgen Fitschen must quickly present details on their strategy for turning the bank around.
The U.K.’s financial regulator is investigating a banking-industry practice known as “reciprocity,” where investment banks bring rivals into deals in exchange for future business.
The company’s results on Wednesday missed some growth forecasts, but observers said the stock-price decline may have been exacerbated by the unusual ways Etsy structured its April IPO.
The co-chief executive has been given more power to lead the German bank’s strategy. His chairman should only give him a year to show real results.
CVS’s $10.4 billion deal for Omnicare allows the pharmacy to expand into the growing senior market
Rapid, if expensive, growth keeps cloud pioneer Salesforce on top. That actually makes a deal look less likely.
The share collapse of Hong Kong high flyers Hanergy, Goldin Financial and Goldin Properties is a reminder of the limits of passively managed money in unevenly regulated markets.