NEW YORK JPMorgan Chase & Co, Microsoft Corp, Intel Corp and more than two dozen other companies have teamed up to develop standards and technology to make it easier for enterprises to use blockchain code Ethereum in the latest push by large firms to move toward distributed ledger systems.
SAN FRANCISCO Shares of Tesla dropped on Monday after a downgrade by Goldman Sachs, bringing the electric carmaker's decline to 11 percent since its quarterly report last week stoked worries about how much cash it is using to launch its Model 3 sedan.
LONDON Major banks are clamping down on market analysts talking publicly about politics for fear of appearing to take sides, with HSBC taking its main global currencies commentator off air in an intensification of the crackdown.
Goldman Sachs Group Inc is building a 1.1 million square foot office in London with initial occupancy slated for 2019, it said in a regulatory filing on Monday, even as global banks grapple with risks around Brexit.
LONDON From a non-descript office in south London, Mark Hiley may be showing the way for Wall Street giants such as JPMorgan and Merrill Lynch to adapt to new European rules requiring them to charge an explicit fee for investment research.
FRANKFURT Bonus cuts at German flagship lender Deutsche Bank , announced in January, have so far not led to a mass exodus of employees, one of its board members told a German weekly newspaper.
Warren Buffett said on Saturday he plans to stick with the shrewd bet that his Berkshire Hathaway Inc made on Bank of America Corp , but might eventually swap the preferred stock that Berkshire owns into common stock.
MILAN Italy's biggest retail bank Intesa Sanpaolo abandoned plans to join forces with the country's largest insurer Assicurazioni Generali on Friday, saying a tie-up would not create value for its shareholders.
LONDON Britain's top share index hit a two-week low on Friday and ended a run of three straight weeks of gains, with lenders Standard Chartered and RBS among the biggest fallers.
LONDON OPEC has so far surprised the market by showing record compliance with oil-output curbs and could do so further in coming months as the biggest laggards - the United Arab Emirates and Iraq - pledge to catch up quickly with their targets.