Crispin Odey’s Unfulfilled Prophecy Cuts Hedge Fund Value By A Third

Odey Asset

Odey Asset Management lost over 30% in the period of just 4 months in 2016. Crispin Odey, in 2015, predicted a global economic deterioration that would be remembered in a hundred years. He had carried over his bearish views to the first four months of 2016, which led to his Odey European Fund losing as much...

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Mitsubishi Motors

Japanese Officials Raid Mitsubishi Plants Following Fuel Efficiency Scandal

Mitsubishi Motors manipulated fuel efficiency information to boost publicized mileage rates. Japan’s Transport Ministry raided Mitsubishi’s Okazaki...

Delta Edges Towards Awarding Bombardier With 75 C Series Order

Bombardier C Series aircraft. Delta and Bombardier are close to completing a deal for 75 C Series jetliners with the possibility of an additional 50 units...

Macquarie

Macquarie Shrinks US Investment Banking Group

Macquarie is laying off 15% of its investment banking staff in the US. Macquarie Group Ltd, the global investment banking and financial services group...

Natwest

RBS To Cut Nearly 600 Jobs At Retail Bank Natwest

Including today’s redundancies RBS will have cut 1,500 roles this year. Government owned banking institution, the Royal Bank of Scotland (LON:RBS)...

Goldman Sachs

Goldman Sachs Fined $5.1 Billion, However May Pay Significantly Less

It’s believed Goldman Sachs may be able to deduct as much as $1 billion from the fines. As a penalty for its participation in activities that contributed...

Nomura

Nomura Plans To Cut 10-15 Percent of Staff

Shares of Nomura jumped in Tokyo as news about the cuts was released. Nomura plans to cut an estimated 500-600 jobs, mostly in its European equity research...

Lloyds Bank

Misconduct Cases And Fines Have Cost British Banks Nearly £53 Billion

Lloyds had to set aside nearly double the capital of any other UK bank to cover compensation during 2010-2014. According to a new study released by an...

Samsung S7

High Galaxy S7 Volume And Lower Costs Drive Increase In Samsung’s Profit

Less competition from new Apple products helped increase volumes during the launch of the Galaxy S7. A stellar first quarter performance of the Galaxy...

Deepwater Horizon Oil Spill

Judge Signs Off $20 Billion BP Deepwater Horizon Oil Spill Settlement

The settlement will be paid to the US government and five states. Carl Barbier, a US federal judge in New Orleans has issued final approval for an estimated...

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