U.S. hedge fund Elliott Associates and Jane Street Global Trading are invoking the Human Rights Act as they seek to sue the London Metal Exchange (LME) for a combined $472…
Category: Business
U.S. oil mergers drop to $12 billion as volatility limits deals
U.S. oil and gas dealmaking fell to $12 billion last quarter, down from the first quarter and nearly a third of the $34.8 billion in the same period a year…
Twitter back up after global outage
Twitter (TWTR.N) said its service was back online following a major outage on Thursday that kept thousands of users across the globe from accessing the social media platform. The near…
Why Elon Musk’s fight with Twitter could draw further SEC scrutiny
Twitter Inc's (TWTR.N) fight with Elon Musk to enforce his $44 billion deal to buy the social media platform could attract scrutiny from the U.S. securities regulator over whether Musk…
Deutsche Bank’s International Private Bank hires 4 bankers in Americas
Deutsche Bank's (DBKGn.DE) International Private Bank on Thursday hired four bankers in the Americas. The new hires will help the bank strengthen its commercial real estate and structured lending businesses,…
Morgan Stanley profit slumps 30% as deals stall, recession risks rise
Morgan Stanley's second-quarter profit slumped 30%, it reported on Thursday, falling short of analysts' estimates for the first time in nine quarters, as its investment banking business suffered from a…
Wall Street banks worry about economic storms ahead
Wall Street's biggest banks sounded cautious on economic headwinds ahead, reducing risk in certain areas as they assess the likelihood and severity of recession, with JPMorgan's Jamie Dimon likening the…