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Get the DealBook newsletter to make sense of major business and policy headlines -- and the power-brokers who shape them.__________Flawed parallels with the financial crisis won't save Theresa May's Brexit [...]

In Greek mythology, Cerberus was the three-headed dog that prevented the dead from leaving the underworld. The arrival of its financial namesake, Cerberus Capital Management, as a major shareholder in [...]

Novartis's latest acquisition target, Advanced Accelerator Applications, is a spinoff from the organization in charge of the Large Hadron Collider, which smashes particles together at near-light speed. The planned $3.9 [...]

Where does an 800-pound gorilla sit? Anywhere it wants to. The old joke also applies to giant companies such as Saudi Aramco. The British regulator has proposed changes that would [...]

Deutsche Bank's jitters have revived memories of 2008. As in that turbulent autumn eight years ago, investor confidence in one of the world's largest lenders has been shaken. Deutsche's share [...]

Britain's decision to leave the European Union is an unwelcome blow to an already-fragile world economy. The real impact, however, is psychological. Companies and investors now have to reconsider other [...]

SoftBank Group, the Japanese technology and telecommunications conglomerate, has lost its heir apparent, Nikesh Arora, who is quitting less than two years after he was hired and little more than [...]

HSBC shares are being weighed down by fear of the future. The global lender thinks it can bolster returns even as its balance sheet shrinks. That is why it increased [...]

For the second time in less than six months, market turmoil in China is rattling the rest of the world. As in August last year, the trigger is a sudden [...]

China's economic slowdown is exposing the debt debris in its banking sector. Shaky credits on the balance sheets of the country's four biggest lenders jumped by 28 percent to 592 [...]

For all the Chinese authorities' increasingly overt meddling in the market, Chinese shares are still looking expensive. Even after the country's main market indexes plunged roughly 30 percent in three [...]

HSBC keeps going back in time. Four years after the bank's chief executive, Stuart Gulliver, started pruning the global bank, he has unveiled plans to cut risk-weighted assets by a [...]

HSBC's revival is overshadowed by its existential angst. Higher investment banking revenue and fewer bad loans helped bolster first-quarter results at the global bank, offering a welcome respite from restive [...]

An ''orderly succession plan balancing stability with fresh perspective.'' That's how Standard Chartered described the boardroom clearout that led to the departure of its chief executive, its Asia head, its [...]

Byline: PETER THAL LARSEN Standard Chartered's surprising management shuffle raises more questions than it answers. Just two months after the bank provided a detailed strategy update, the emerging-market lender has [...]

Byline: Peter Thal Larsen; Reuters REUTERS BREAKINGVIEWS Silicon Valley cash alone won't rescue Sharp. Shares in the ailing Japanese electronics group jumped 7 per cent Wednesday after reports that U.S. [...]

Byline: Peter Thal Larsen; Reuters REUTERS BREAKINGVIEWS Hong Kong's new anti-foreigner property tax may catch on elsewhere. Battling the effects of cheap money and capital flight, the territory's authorities have [...]

Byline: Peter Thal Larsen; Reuters REUTERS BREAKINGVIEWS Nomura is still limping its way to post-crisis normality. Buoyant fixed-income trading revenue and a better performance in the United States in the [...]

Byline: Peter Thal Larsen; Reuters REUTERS BREAKINGVIEWS Andrew 'Twiggy' Forrest can breathe again. After a few tense weeks, Fortescue has secured a $4.5-billion (U.S.) loan that allows the Australian miner [...]

Byline: Peter Thal Larsen; Reuters REUTERS BREAKINGVIEWS Nomura Securities is making a symbolic break with the post-Lehman era. Top deal-maker William Vereker, one of the few former executives of the [...]

Byline: Peter Thal Larsen; Reuters REUTERS BREAKINGVIEWS Greg Smith's biggest impact on Goldman Sachs may have been the manner in which he departed. On Wednesday, the equity derivatives banker kissed [...]

Call it ''G-Sifi envy.'' International regulators have decided to designate 29 banks as global systemically important financial institutions, or G-Sifis. That will introduce this new competitive dynamic to international finance [...]

By taking full control of the De Beers Group, the world's top diamond producer, the mining company Anglo American adds prestige to its holdings. At $5.1 billion, the price agreed [...]

Bailing out Europe's banks may be less expensive than governments feared and investors hoped. European Union officials are discussing a plan that would require lenders to hit a demanding core [...]

A rare loss potentially looms for Goldman Sachs. A growing number of analysts estimate that the Wall Street titan will slip into the red when it announces third-quarter results. Given [...]

For public relations professionals, the protesters in Zuccotti Park in Lower Manhattan must inspire mixed feelings. The location works, and the crowd makes for good television, but crunchy sound bites [...]

The crisis of 2008 is repeating itself in reverse. Three years ago, European governments stepped in to save the banking sector. Today, the euro zone's indebted sovereigns are threatening to [...]

A year after passage of the Dodd-Frank act, the $10.5 trillion American mortgage market remains in limbo. One big reason is that the law scarcely touches Fannie Mae, Freddie Mac [...]

Ford Motor's punchy global ambitions are not as worrying as they look. The Motor City automaker expects to sell eight million vehicles a year by the middle of the decade, [...]

It has taken six years, but Italy's justice system has finally caught up with Antonio Fazio. Mr. Fazio, the former Bank of Italy governor, has been sentenced to four years [...]

Glencore, the commodities trader, has yet to start its initial public offering in Hong Kong, but is already acting like a local. It has talked with big investors about taking [...]

Wall Street banks have recently been in a league of their own when it comes to rewarding executives despite poor performance. But by granting safety bonuses, Transocean, the deep sea [...]

Is it time to reboot the yen carry trade? The Japanese currency is at historic highs, with most logic pointing toward depreciation. That makes the trade that involves borrowing cheaply [...]

Another breakup wave is hastening the end for some conglomerates. Motorola, Fortune Brands and possibly Sara Lee are doing the splits. Now the ITT Corporation, an offshoot of a three-way [...]

The ''too big to fail'' problem among banks will be partly fixed in 2011. Global regulators are expected to reach an agreement that would make a select group of megabanks [...]

It's not every day that the barons of the buyout industry find themselves on the shorter end of a sweet deal. But that's arguably the case in the turnaround of [...]

A Dual Strategy At Deutsche Bank Deutsche Bank is killing two birds with one cash call. The official reason for the planned rights issue of 8 billion to 9 billion [...]

Research In Motion's future looks bleak. R.I.M., which makes the popular BlackBerry devices, has had a traditional stronghold in sales to American companies. But that has been cracked open. Apple [...]

Byline: Peter Thal Larsen EUROPE's banks must come clean on their sovereign debt exposures. The 91 lenders that are sitting Europe's stress tests have been asked for detailed information on [...]

Byline: Peter Thal Larsen EUROPE's banks must come clean on their sovereign debt exposures. The 91 lenders that are sitting Europe's stress tests have been asked for detailed information on [...]

Witness the power of Facebook. About a month ago, one of the social networking site's users set up a discussion forum titled ''No I will not pay $3.98 a month [...]

The short-selling ban just announced by Germany misses the point. The country's plan to stop naked shorting of some financial stocks and European government bonds as well as related credit-default [...]

Embarrassing e-mail messages aren't new to Wall Street. After the dot-com bubble popped, star technology analysts were condemned for sending messages mocking the same stocks they had urged investors to [...]

James Gorman, the Morgan Stanley chief executive, failed to deliver blowout earnings in his first quarter running the bank. Trading and investment banking revenue, for example, was largely below that [...]

Byline: Peter Thal Larsen AFTER their spectacular failures, it's no surprise that bankers are looking externally for tips on risk management. Airlines and drug companies are among those that have [...]

Byline: Peter Thal Larsen IN A discussion about size in banking, Andrew Haldane, the Bank of England's executive director in charge of financial stability, makes reference to al-Qaeda, Facebook and [...]

Speeches by central bankers tend to be dry affairs. For this reason alone, remarks by Andrew Haldane, the Bank of England's executive director in charge of financial stability, deserve attention. [...]

Byline: Peter Thal Larsen ALESSANDRO Profumo is making the best of a tough situation. In 2009, the UniCredit CRDI.MI chief executive strengthened the Italian bank's capital base, shrunk its balance [...]

A Bond Issue At McClatchy The McClatchy Company's prospects are looking up, just a year after investors seemed to expect the newspaper publisher to go bust. The company is marketing [...]

What is an acceptable return on equity for a bank? That question is likely to dominate the debate among executives, investors and regulators in the 2010. After the spectacular losses [...]