Banks should defer bonus payments for 10 years and tap the bonus pool to pay any regulatory fines, a top Federal Reserve official said on Monday, taking aim at continued lapses across the industry even after the 2007-9 financial crisis.
Industry
Panasonic to sell Sanyo TV unit in U.S. to Funai Electric
Panasonic Corp (6752.T) plans to sell its Sanyo television unit in the U.S., which supplies sets to Wal-Mart Stores (WMT.N), to Funai Electric (6839.T) as it steps back from unprofitable businesses, the Nihon Keizai newspaper reported.
Business activity improves in China, euro zone but little sign of turnaround
Euro zone businesses performed much better than forecasters expected this month and China's vast factory sector grew a shade faster but there were worrying signs that the upturn could be short-lived.
Private equity eyes $13 billion Bayer plastics business
Private equity firms are circling Bayer's (BAYGn.DE) 10 billion-euro ($12.7 billion) plastics business, hoping to divert the German drugmaker from its plan to list the division, two people familiar with the matter said on Wednesday.
Online financing, rising costs squeeze profits at China's midsize banks
Squeezed between cut-throat competition from online financing firms and rising funding costs, China's midsize banks are falling out of investors' favor as they increasingly lag behind the country's top five lenders.
Latest News
Brad Pitt's gritty World War Two drama "Fury" conquered all box office foes over the weekend, ringing up $23.5 million in ticket sales at theaters in the United States and Canada.
The shine may soon come off Chile's decade-long copper boom as technical and regulatory problems in getting new mines into production highlight just how hard it will be to keep ratcheting up the supply.
It may be the only time you will find these words in the same sentence: "Ebola" and "Add to Wishlist." Giantmicrobes Inc., which makes a line of plush toys based on viruses and other microscopic organisms, has sold out its entire Ebola stock, including the small Ebola doll for $9.95, a Gigantic Ebola doll for $29.95 and an Ebola Petri Dish toy for $14.95, according to the company's website.
U.S. stocks extended their rebound from this month's bruising selloff on Friday, giving the S&P 500 its best day in over a week, as worries about the U.S. earnings outlook eased, but the S&P 500 still posted its fourth straight week of declines.
Amazon.com Inc is expanding its online grocery delivery program to Brooklyn's well-heeled Park Slope neighborhood on Friday, giving the No. 1 U.S. online retailer a foothold in one of the wealthiest and densest markets in the United States.
Japan's pro-casino lawmakers have agreed to consider setting limits on Japanese nationals' entry to casinos, bowing to pressure from opponents who threatened to block a legalization bill unless it addressed issues such as gambling addiction.
The Brazilian Army has expressed interest in buying a handful of Boeing Co (BA.N) CH-47 Chinook helicopters, the company said on Wednesday, saying that it continued to view Brazil as an important partner for defense and commercial projects.
American Express Co, the world's largest credit card issuer, reported an 8.1 percent rise in quarterly profit due to higher spending by U.S. customers using its credit cards and a rise in its net interest income.
Cheil Industries Inc, widely seen as the de facto holding company of Samsung Group [SAGR.UL], is likely to offer around 1.5 trillion won ($1.41 billion) worth of shares in its upcoming initial public offering (IPO), a person with knowledge of the matter said on Wednesday.
