What, exactly, happened on the day whistleblower Paul Moore lost his job as head of risk at HBOS Plc ? A clear explanation might help avert another financial meltdown, judging from Tim Harford ’s brainy new book, “Adapt.”
London risks losing its status as the world’s top financial center as the $360 trillion interest-rate fixing probe follows a series of market abuses by banks that eroded trust in a city already shrinking faster than rivals.
The owners of New England Compounding Pharmacy Inc., the drug supplier blamed for a nationwide meningitis outbreak that killed 64, agreed to a settlement providing $100 million toward compensation for victims.
Standard Chartered Plc transferred responsibility for risk to Chief Executive Officer Peter Sands from Finance Director Richard Meddings at the request of British regulators, according to a person with knowledge of the matter.
EasyJet Plc Chief Executive Officer Carolyn McCall says the U.K. airline is ready to win sales from global clients as pre-booked seats, higher frequencies and deals with corporate bookers consign its no-frills focus to history.
Airlines in Europe may need to buy carbon permits or pay fines after data showed the carriers’ emissions in 2012 exceeded their allocation of free allowances by about 30 percent, according to Bloomberg New Energy Finance.