Industries: Finance & Economy News

Barclays Hires Ex-CIT Chief Jeffrey Peek as Investment Banker

Barclays Plc hired Jeffrey Peek , whose six years running commercial lender CIT Group Inc. spanned its collapse and emergence from bankruptcy, to be a vice chairman in the Barclays Capital investment-banking unit.
SEC Says Prince, Rubin Knew of Losses on Assets at Suit's Focus

Charles O. “Chuck” Prince and Robert Rubin were among Citigroup Inc. officials who knew 2007 losses were mounting on mortgage assets that U.S. regulators have faulted the bank for not disclosing, a court filing shows.
Goldman Sachs Fined $27 Million by U.K. for Not Reporting Probe

Goldman Sachs Group Inc. ’s London unit was fined 17.5 million pounds ($27 million) for failing to notify the U.K.’s financial regulator about a U.S. Securities and Exchange Commission investigation.
GIC Said to Start Talks With Investors for $3 Billion Logistics Unit IPO

The Government of Singapore Investment Corp. started talks with potential corporate investors for the $3 billion initial public offering of its logistics unit, two people with knowledge of the matter said.