MetLife Announces Richard Nunn as New CEO for Australia | Business...

MetLife today announces Richard Nunn as its next Chief Executive Officer in Australia, commencing 1 May 2019. Mr Nunn is currently the CEO of Statewid

Bitfinex Covered $850 Million Loss Using Tether Funds, NY Prosecutors Allege

New York's Attorney General has obtained a court order against crypto exchange Bitfinex's operator iFinex as well as stablecoin company Tether.

Lilly Announces Licensing Agreement for Non-Opioid Pain Asset from Centrexion Therapeutics

INDIANAPOLIS, May 28, 2019 /PRNewswire/ -- Eli Lilly and Company (NYSE: LLY) today announced a license agreement to acquire the exclusive worldwide right

Citi announces new Chairman of the Board

Citi’s Board of Directors has announced that Chairman Michael O’Neill will retire on January 1, 2019 and the Board has selected John C. Dugan to succeed O’Neill as Chairman on that date.

Bank of America Files Patent for Cryptocurrency Custody System

The Bank of America has filed a patent application with the U.S. Patent and Trademarks Office (USPTO) for a secure cryptocurrency custody. According to the patent document published last week by the USPTO Bank of America (BoA) proposes to a system that will allow enterprises safely store large amounts of cryptocurrency. Description of BoA’s Crypto Custody...

$9 trillion corporate debt bomb is ‘bubbling’ in the US economy

At first glance, it looks like a $9 trillion time bomb is ready to detonate, a corporate debt load that has escalated thanks to easy borrowing terms and a seemingly endless thirst from investors. On Wall Street, though, hopes are fairly high that it's a manageable problem, at least for the next year or two.

New York Digital Investment Group Granted BitLicense

New York's Department of Financial Services (DFS) has granted a BitLicense to the New York Digital Investment Group (NYDIG), allowing it to offer crypto-related services in the state.

Blackstone Infrastructure Partners Announces Growth-Oriented Investment in Carrix, One of the...

Blackstone (NYSE:BX) today announced that funds affiliated with Blackstone Infrastructure Partners (BIP), have made a growth-oriented investment in Ca

Apple beats on Q4 earnings thanks to price hikes, stock still...

Despite a beat on its Q4 quarterly earnings, Apple shares still managed to take a beating Thursday. Shares are down 7 percent in after-hours trading after the company released its Q4 quarterly earnings report, detailing $62.90 billion in revenue beating analyst expectations of $61.57 billion, with …

Nomura said to plan dozens of job cuts in Europe, America

Executives at the Tokyo-based firm may shed more than 100 traders and bankers across its overseas units.