London launch for HSBC’s renminbi-denominated bond

HSBC has launched a bond issue which it claims signals a significant step forward in the internationalisation of China’s currency and in the development of London as an international centre for the renminbi (RMB).

Swan Song at Deutsche Ending on a Sour Note!

FRANKFURT— Josef Ackermann's last months as chief executive of Deutsche Bank AG DBK.XE +0.61% were supposed to be his victory lap after a decade in charge of Germany's banking powerhouse. They have proved anything but.

Wal-Mart CEO's pay fell 3.1% in 2011!

NEW YORK -(MarketWatch)- The value of Wal-Mart Stores Inc. WMT +1.37% Chief Executive Michael T. Duke's total compensation fell 3.1% to $18.1 million last fiscal year, largely because he received less cash incentive pay.