The German lender’s shareholders have criticized the pace of its cultural overhaul.
On the day Li Hejun lost roughly US$14 billion, he was skipping his company’s annual meeting to attend what it said was a clean-energy exhibition in Beijing.
Uber Technologies is seeking a $1 billion credit line from banks, people familiar with the matter said.
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.
Uber Technologies is seeking a $1 billion credit line from investment banks, people familiar with the matter said.
CVS’s $10.4 billion deal for Omnicare allows the pharmacy to expand into the growing senior market
The bank’s fortunes changed for the better last week when Goldman Sachs helped DuPont prevail in a high-profile feud with an activist firm.
The Seoul High Court has overturned a lower court’s decision to give the daughter of the chairman of Korean Air Lines a one-year prison sentence after she disrupted a flight in December.
Google says it is doing a better job connecting purchases in stores with ads the shoppers saw on smartphones, prompting some advertisers to boost spending on mobile ads.
Large U.S. banks will be able use some municipal bonds to meet new postcrisis rules aimed at ensuring they have enough cash during a financial-market meltdown under relaxed rules proposed by the Fed.