Markets

WHEN the Apple Card was launched a few weeks ago, some pundits were unimpressed with all that fuss.

FINANCIAL crime is a trillion-dollar problem and the human cost is very real, affecting every facet of society: terrorism, facilitating drugs, prostitution or human trafficking trade, and increasingly, cyber crime.

Twitter Inc said on Monday it paid its Chief Executive Officer Jack Dorsey US$1.40 in 2018.

London-based Standard Chartered is expected to pay slightly more than US$1 billion to resolve a nearly five-year-old investigation of potential U.S. sanctions violations tied to its banking for Iran-controlled entities in Dubai, as well as a related U.K. probe, according to a person familiar with ...

President Donald Trump last week called on the U.S. Federal Reserve to start building up its war chest of bonds again. He may get his wish - though not for the reason he wants.

The U.S. Federal Reserve on Monday proposed a new regulatory regime for 23 foreign banks operating in the U.S. that could make life easier for some lenders, while tightening up rules for more risky foreign firms.

Italian-American automaker Fiat Chrysler Automobiles NV has agreed to pay US$110 million to settle a lawsuit alleging it misled U.S. investors over excess diesel emissions and failed to comply with federal safety regulations, court records show.

Daniel Loeb's hedge fund Third Point LLC is building a stake in Sony Corp to push for changes, the second time in six years it has targeted the Japanese electronics maker, people familiar with the matter said on Monday.

U.S. stocks opened lower on Monday, pausing after the S&P 500's seven-day winning streak, as investors braced for what could be the first decline in corporate earnings since 2016 and a drop in Boeing Co's shares hit the Dow industrials.

Shares of General Electric Co fell about 6 percent on Monday after J.P. Morgan's Stephen Tusa, a top-rated analyst on the stock, downgraded and further cut his target price to a Street-low of US$5.