Sujata Sahni

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Sitting all day is bad for your brain, too

We know that spending all day hunched over laptops is shortening our lifespan and expanding our waistlines. Still, the threat of never growing up to be an Anderson Cooper-caliber silver fox may not be enough to motivate young tech workers to switch to a treadmill desk and sign up for some daily …

Royal Bank of Scotland's Q1 profit triples

There has been a big jump in net profit for part-nationalised Royal Bank of Scotland. It trebled in the first quarter to 1.2 billion pounds (1.46 billion euros).<p>RBS said the improvement wad due to better cost controls and reduced losses from bad loans.<p>Another factor is that the bank did not have to …

Barclays, Credit Suisse Questioned In High-Frequency Trading Investigation

Some of the world’s biggest banks are in the crosshairs of New York Attorney General Eric Schneiderman as part of his probe into high-frequency …

Bill Gates no longer Microsoft’s largest individual shareholder | Financial Times

Steve Ballmer may not be Microsoft’s chief executive any more, but as of today he is looming larger than ever at the company he worked at for over …

4 ways to build a successful remote team

Mass mobile adoption, the growth of online productivity tools, and the emergence of a work-from-home culture are breaking down traditional geographic boundaries when building a company. The new virtual office delivers agility and scaling advantages, while cutting down on overhead costs – but the …

Associated Press News

Bank of America Makes $4 Billion Mistake, Wall Street Blames the Fed

This article is from the archive of our partner .<p>Bank of America has $4 billion less than its accountants thought it did. This small accounting …

The Biggest Reason People Didn't Sign Up For Obamacare

The top reason uninsured people didn't enroll in coverage under Obamacare this year is they still don't feel like they can afford health insurance, according to a new survey.<p>The findings in a report published by the Henry J. Kaiser Family Foundation Tuesday highlight the affordability gap facing …

Wells Fargo moves annual meeting to Texas, but protesters follow

You can move your shareholder meeting out of California, but you can't stop protesters from following.<p>Joining ordinary Wells Fargo shareholders, demonstrators planned to air their grievances Tuesday in San Antonio, site of this year's annual meeting. Some protesters purchased a share of stock, …

Finance

Barclays just lost the public face of its investment bank

Barclays is bidding adieu to the public face of its investment banking business.<p>The departure of Hugh “Skip” McGee, announced today, clearly signals that Barclays is de-emphasizing aspirations of becoming one of the biggest investment banks in the world.<p>The move coincides with a number of …

Investing

Barclays move to carve out bad bank is bold statement of intent | Financial Times

Three years ago, when analysts at UBS floated the idea that Barclays should set up a “bad bank” to run down the worst parts of its investment banking …

Investing

The missing Malaysia Airlines flight threatens a crucial engine of the country’s economy

Chinese citizens, furious with Malaysia’s bungled handling of the missing Malaysia Airlines plane, are canceling their vacation plans, encouraged by celebrities like Chinese actor Chen Kun, who called for a travel boycott of Malaysia. Travel agents in China say bookings have already dropped 50% in …

Malaysia Airlines

South Africa holds rates as economy stutters | Financial Times

South Africa kept interest rates unchanged on Thursday as Africa’s largest economy continues to grapple with the policy challenge of subdued growth …

Magistrate recommends Bank of America suit be dismissed

A federal judge in North Carolina has recommended the dismissal of the U.S. government’s lawsuit against Bank of America Corp. over soured mortgage …

Bank of America

Germany backs UK over calls for 'fairness' in EU reforms

<b>David Cameron's hopes of renegotiating the UK's place in the European Union have been boosted after Germany said any future changes must be fair to nations not using the single currency.</b><p>Its finance minister Wolfgang Schauble said countries outside the eurozone should not be put at a "systematic …

Russia Ready To Save Banks From Financial Crisis

The Russian government will save its national banks from any financial crisis caused by Western economic sanctions, or by other means.<p>Finance Minister Anton Siluanov said Thursday that the country has $88 billion worth of an emergency cushion in its sovereign wealth fund, should the economy take a …

Customers would get $1.4 billion in refunds in San Onofre deal

SACRAMENTO — Electricity customers in Southern California would receive $1.4 billion in refunds on their bills over the next eight years as part of an agreement between two utilities and ratepayer organizations over the closing of the San Onofre nuclear power plant.<p>The proposed settlement, …

IMF's Lagarde: Women In Workforce Key To Healthy Economies

As the first woman to lead the International Monetary Fund, Christine Lagarde is among an elite group of people determining how money is saved, spent and invested worldwide.<p>It's not the first time she's been a "first." Lagarde was France's first female finance minister, and before that, the first …

Stress test results set off scramble inside Citigroup

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FORTUNE — If you thought central banks around the world were finally ready to give their printing presses a rest, think again.<p>In interviews this week with the <i>Wall Street Journal,</i> central bankers from Germany and Finland said that they would be open to the possibility to more aggressive monetary …

Hong Kong’s bankers are about to party like they’ve never heard of a China slowdown

The Hong Kong Sevens rugby tournament that kicks off tonight is one of Asia’s most highly-anticipated, big-ticket sporting events: the world’s biggest investment banks are paying over $50,000 for corporate boxes for the HSBC-sponsored three-day affair, Cristal champagne maker Louis Roederer is …

Hong Kong

PricewaterhouseCoopers Is Getting Sued For At Least $1 Billion Over The MF Global Collapse

According to a complaint filed in the U.S. District Court in Manhattan, PwC provided "flatly erroneous accounting advice" to MF Global and its then-chief executive Jon Corrine by recommending the use of off-balance sheet structures for the brokerage's $6.3 billion bet on the debt.<p>Market worries …

Pope Francis, Obama allies in war on global inequality

SAN LUIS OBISPO, Calif. (MarketWatch) — Yes, Pope Francis and President Obama are now allies in a global war against inequality and capitalism. Also …

Independent newspaper for sale at 'the right price'

http://vod-pro-ww-live.akamaized.net/mps_h264_hi/public/news/politics/1064000/1064927_h264_1500k.mp4?__gda__=1525274527_61fe172661dccdee1b9b25c6c822ba1e<p><b>The owner of the Independent, Evgeny Lebedev, says the newspaper could be for sale if somebody "offers the right price".</b><p>He qualified that by saying …

SAC Capital "deeply remorseful" for misconduct

NEW YORK — Attorneys for SAC Capital are urging a federal judge to accept the hedge fund giant's guilty plea in a record-setting $1.8 billion insider trading case.<p>The hedge fund and its affiliates, headed by billionaire Steven Cohen, "are deeply remorseful for the misconduct of each of the …

How Can America Narrow The Widening Skills Gap?

There’s a widening gap in the United States between unemployed individuals and companies in need of work. While many young adults can’t find jobs, many employers say they can’t find enough qualified applicants for filling skilled jobs.<p>The question is what can be done to address that. On Friday at …

Chasing After High Net Worth Clients Isn't Always The Best Idea

<b>Why Chasing After High-Net-Worth Clients Isn't Always The Best Idea (Reuters)</b><p>High-net-worth clients — those with $30 million or more — need services that are different from less affluent clients, writes Ed McCarthy at Reuters. This is because these clients require services like "income- and …