CitiGroup got fined by U.S. bank regulators for failing to correct “long-standing deficiencies” in its risk and control systems and ordered the lender to upgrade its processes and its technology. … Read More
UBS Financial Services has steered itself into uncharted waters with the SEC (U.S. Securities and Exchange Commission). The commission has discovered fraudulent activities orchestrated by the corporation. Between the period … Read More
The word capitalization comes from the word capital and it is related to the raising of funds or capital for the business. Capitalization in general terms is the process of … Read More
Goldman Sachs, on Tuesday, recorded a rare and unexpected event when it missed its first quarter earnings, leading to the stock stooping to its lowest level in the past five … Read More
In the past five years, while the S&P 500 rose about 68%, IBM stock lost 20% of its value. It’s the 20th consecutive quarter when the company has posted losses … Read More
Snap got listed on the New York Stock Exchange with a big bang and the shares closed some 44% higher than the issue price on day one itself. The investors … Read More
The high-profile investor Eric Mindich is forced to close Eton Park Capital Management LP, his $7 billion hedge fund due to poor performance. Mr Mindich was the star performer who … Read More
Housebuilder Crest Nicholson notched up a 25% rise in pre-tax profits to £72.6 million and the revenues rose by 22% to £408.1 million in the first six months of the … Read More
