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JP Morgan halves Jamie Dimon’s pay over $6bn London loss
JPMorgan Chase & Co. (JPM), detailing lapses behind its biggest-ever trading loss, said employees were overwhelmed by...
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Manchester United announce major sponsorship deals with Two Chinese companies
In a first for Manchester United, the English professional football club today announced major sponsorship deals with not...
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Video rental chain Blockbuster goes into administration
High street DVD rental chain Blockbuster is the third major retailer to collapse this year as the company calls in administrators. Over...
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American Express announce plans to cut 5,400 jobs
American Express has announced plans to cut 5,400 jobs worldwide from its total workforce of 63,500 by the end of 2013. The...
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Analysts say Twitter is worth $11bn and likely to float on the stock market next year
Twitter is now worth around $11bn (£6.8bn), and is likely to make its market debut next year, analysts at Greencrest have...
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HSBC to pay $1.9billion to settle U.S money laundering penalties
HSBC has confirmed it is to pay US authorities $1.9bn (£1.2bn) in a settlement over money laundering, the largest paid in...
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Rogue trader Kweku Adoboli found guilty of fraud over £1.4billion UBS losses
A rogue trader who lost £1.4 billion in bad deals which nearly brought down a major international bank was found guilty...
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Visa begin issuing solid gold diamond encrusted credit card to selected clients
In a week in which gold prices neared their highest level in three weeks and were seen by one company to reach $2,000 an...
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Nelson Mandlea banknotes go into circulation in South Africa
The first banknotes featuring the face of Nelson Mandela have gone into circulation in South Africa. They are the first South...
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How much money did YouTube make from streaming ‘Gangnam Style’
Estimated cost for running the servers: $296,360 Estimated revenue from the ads: $348,285 No surprises, YouTube is projected...
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UBS cuts 10,000 jobs in major overhaul
Swiss bank UBS has announced it is cutting 10,000 jobs worldwide as it slims down its investment banking activities. The...
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Barclay’s investment bankers to see salaries cut by up to half as profits fall
Barclays is to cut the salaries of some of its leading investment bankers by as much as half in a bid to reduce costs and...
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Billionaire Bernie Ecclestone hit with £250million Bank lawsuit
Formula One boss, Bernie Ecclestone, has been asked to hand hundreds of millions of pounds in damages to a German bank that...
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Rogue trader Jerome Kerviel to spend three years in jail and pay back $6.5 BILLION after losing appeal
Former Societe Generale trader Jerome Kerviel has lost his appeal in Paris against a three-year prison sentence, with an...
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VIDEO: Facebook shares sore 22% on mobile hopes
Facebook Inc. (FB), the biggest social networking site, surged in German trading after reporting sales that topped analysts’...
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Manchester United bosses line up whopping £1 billion extension with Nike
Manchester United will demand Nike cough up a record fee to continue their relationship when their sponsorship deal expires...
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Recent survey says nearly half of all Americans have less than $500 in savings
Got five Benjamin Franklins stored under the mattress? You’re doing pretty good then. Nearly half of Americans don’t...
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Ancestry.com reportedly agrees to $1.6 billion buyout
Genealogy website Ancestry.com Inc has agreed to be acquired by an investor group led by European private-equity firm...
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VIDEO: Google sees $19.8bn wiped off its value after blunder
Google saw nearly $20bn wiped off its market value after third quarter earning figures were released prematurely by its...
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VIDEO: Vikram Pandit steps down as Citi Group CEO
Citigroup Inc. (C) Chief Executive Officer Vikram Pandit, who led the bank through its government rescue, stepped down and...
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‘Rich Dad Poor Dad’ author Robert Kiyosaki files for corporate bankruptcy after losing $24m judgement
After a long, lucrative career writing financial self-help books and giving seminars, “Rich Dad Poor Dad” author Robert...
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Recession stricken Greece to spend almost €100 million on building F1 track
Greece unblocked a subsidy of 28.9 million euros ($37.2 million) for the construction of an international-standard racetrack...
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Iran’s Rial falls to all time low against the US Dollar
Iran’s currency, the rial, fell as much as 18% on Monday to a record low against the US dollar, according to media...
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JPMorgan sued for allegedly defrauding investors
The New York Attorney General has sued JPMorgan Chase for allegedly defrauding investors who lost more than $20bn (£12bn)...