Membership shopping site Jet.com launches
July 21, 2015
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Business

Membership shopping site Jet.com launches

The newspaper wrote, “Despite steep losses and looming competition with Amazon.com, online retailer is in…

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United States stocks down after IBM, others report weak results
July 21, 2015
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Business

United States stocks down after IBM, others report weak results

All in, IBM reported non-GAAP diluted earnings per share of $3.84, down 13% from the…

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Citi to refund $700 million for deceptive card practices
July 21, 2015
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Business

Citi to refund $700 million for deceptive card practices

Citibank has agreed to pay $700 million to consumers who were hurt by deceptive and…

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US sets capital surcharges for largest 8 banks
July 21, 2015
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Business

US sets capital surcharges for largest 8 banks

The Fed assigned capital charges totalling more than $200 billion for eight of the biggest…

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Fed Finalises New Capital Requirements For Largest US Banks
July 21, 2015
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Business

Fed Finalises New Capital Requirements For Largest US Banks

JPMorgan Chase is the only one of the big banks that doesn’t already meet the…

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Greece repays about 4.2 billion euros to European Central Bank
July 21, 2015
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Business

Greece repays about 4.2 billion euros to European Central Bank

“Greece is therefore no longer in arrears to the IMF“, Gerry Rice, the Fund’s director…

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New Federal Reserve rules require key U.S. banks to hold additional capital
July 21, 2015
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Business

New Federal Reserve rules require key U.S. banks to hold additional capital

The two-stage approach “gives the right incentives”, Fed Vice Chairman Stanley Fischer said during a…

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Standard Chartered rejigs organisational structure
July 21, 2015
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Business

Standard Chartered rejigs organisational structure

This morning Standard Chartered the new structure will mean its 13-strong management team will report…

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StanChart rejigs management structure
July 21, 2015
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Business

StanChart rejigs management structure

It said the changes would play a key part in delivering previously announced cost savings…

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Standard Chartered tweaks management structure
July 21, 2015
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Business

Standard Chartered tweaks management structure

The new simplified organisational structure is expected to improve accountability, speed up decision making, reduce…

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