Carlyle, the private equity group preparing to go public on Nasdaq, raised money from a shareholder late in 2010 only to then pay most of the proceeds out to its shareholders in the form of a dividend, according to regulatory filings.
Citigroup and three other U.S. banks have failed Federal Reserve "stress tests" to assess whether they were healthy enough to return more capital to shareholders, the central bank said.
James Murdoch has written a lengthy letter to a parliamentary committee expressing deep regret for the phone hacking scandal but reiterating his innocence ahead of a crucial report that could determine whether he stays chairman of BSkyB .
The UK chancellor is aiming to launch an "Osborne bond" - a 100-year debt issue or even a perpetual gilt that never matures - to take advantage of the country's historically low interest rates.
Europe's biggest telecoms companies are facing the threat of a European Commission probe focusing on whether meetings between their top executives led to possible collusion.
The Encyclopedia Britannica will stop publishing its 32-volume print edition after 244 years and instead focus on its digital efforts, a watershed moment that highlights the changing fortunes of content producers in the internet era.
Goldman Sachs is working on a potential bid for Veolia's UK water business, which supplies water to London and south-east England, in a deal estimated at about 1.2 billion pounds ($1.89 billion).
Pfizer has abandoned its insulin partnership with Biocon of India, in the latest blow to deals between multinational drug groups and companies from developing markets.
Supermarket chain Tesco is opening a consultation to raise the pensionable age for members of its retirement scheme to 67 from 65 and taking steps to slow the rate at which pension payments rise.