Carson Block is on the attack against the debt portfolio of Standard Chartered bank. Carson Block is hedging against the debt portfolio of Standard Chartered Plc, saying that the UK bank is earning most of its profits from Asia due to its loan quality deterioration.

Ji-Yeun Lee, the deputy head of investment banking for Morgan Stanley leaves the firm. The deputy head of investment of Morgan Stanley has left the firm.

Win Bischoff is retiring as chairman of Lloyds Banking Group according to the Financial Times. As reported in the Financial Times, the chairman of the Lloyds Banking Group Win Bischoff is stepping down.

Jack Ma, the Chinese billionaire steps down as Alibaba's CEO. Jack Ma, the Chinese Internet billionaire whose fortune comes from the decade long development of China's largest e-commerce company, the Alibaba Group.

Swiss Finance Minister said that the government would be debating on the issue of bank secrecy on two specific points.

NN appoints Richard Holder as its new CEO. There is a new CEO for NN and the new appointee is Richard Holder to be effective on June 3, 2013. Holder is replacing Roderick Baty, who is retiring from the office.

Bloomberg news reporters had access to personal information of those using the news service, leading to ethical issues as to its use.

Hess, in a move to address criticisms, splits the position of CEO from Chairman. In a bold move, Hess Corp would be splitting the roles of chairman and chief executive officer in its annual shareholders meeting next week.

Harry Winston is now a Swatch unit to be headed by Nayla Hayek, daughter of Swatch group founder Nicolas Hayek.

John Hancock and sister Bianca Rinehart sues to remove their mother as trustee of the Hope Margaret Hancock Trust.