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Gorman won praise for managing the CEO succession process at Morgan Stanley.

France's AMF watchdog gave Coinbase a virtual asset service provider approval, which is effectively a green light to operate crypto services in the country.

The U.K. and Switzerland on Thursday will sign a post-Brexit financial services deal designed to bring two of Europe's largest banking centers closer together.

Citigroup is exiting businesses with poor returns to bolster the bank's odds of hitting Fraser's performance targets.

Higher interest rates and anxiety over the stock market and economy pushed more consumers to buy annuities, experts said.

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U.K. inflation fell far more than expected in November to 3.9%, its lowest annual reading since September 2021.

Tesla cut prices for its electric cars in China by more than BYD did for its flagship Han sedan, according to analysis from U.S.-based firm JL Warren Capital.

Alibaba Group CEO Eddie Wu is taking over the top role at the company's Taobao and Tmall e-commerce business, replacing Trudy Dai.

The number of "accredited" investors who can buy private securities rose by 8 million from 2019 to 2022, the SEC said.

The findings from Patronus AI highlight some of the challenges of using AI models within big companies in regulated industries like finance.

Switzerland's financial regulator on Tuesday called for greater legal powers and vowed to adapts its approach in the wake of the Credit Suisse collapse.