An instant-message group involving senior traders at banks including Barclays Plc, Citigroup Inc. and Royal Bank of Scotland Group Plc is being scrutinized by regulators investigating potential manipulation of the foreign- exchange market, four people with knowledge of the probe said.
When Arkadiy Dobkin emigrated to the U.S. two decades ago, his first job was washing dishes. Now he employs 10,000 programmers in his native Belarus and elsewhere in eastern Europe, developing software for clients such as Barclays Plc and Expedia Inc.
Bloomberg Markets’ inaugural list of the world’s richest people showcases the billionaires who pull the levers on the global economy. Their net worth totals $2.7 trillion, about the size of the gross domestic product of France, the fifth-biggest economy on the planet.
SAP AG will end its dual chief executive officer structure next year, with Bill McDermott becoming sole leader as the largest maker of business-management software battles intensifying competition amid a shift in demand to Internet-based applications.
SAP AG unveiled the most significant overhaul to its mainstay enterprise software in two decades, in a move to cement its dominance in that market while springing an attack on Oracle Corp.’s database business.