Marsh & McLennan, the world's largest insurance broker, has sustained a $676m (€511m) fourth-quarter net loss following a $850m settlement with New York attorney general Eliot Spitzer over bid-rigging charges.

The firm, which is the parent of Putnam Investments and Mercer, said  a further 2,500 jobs could go across the group on top of the 3,000 cuts from the 60,000 world-wide workforce announced last November.

Marsh suffers $676m loss following Spitzer settlement

Jason Corcoran

American International Group

Marsh & McLennan

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

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The private-equity firm’s profit rose amid what its executives called the best environment for selling assets in years.

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A weekly call turned into a celebration of heroes as staffers comfort one another through lingering trauma.

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Big stock awards have grown much bigger for the chief executives of Palantir and Broadcom, driven by dramatic market gains and, in some cases, complex multipliers.

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The U.K. Supreme Court said a commission from a bank to a car dealer isn’t considered a bribe and dealers don’t violate rules by not disclosing this commission to customers.

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The largest U.S. crypto exchange’s revenue fell short of Wall Street expectations.

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The appointment rewards the executive who led the bank back from a scandal involving the creation of millions of fake customer accounts.

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The London-based bank said it is well on its way to achieving the target of returning at least $8 billion to shareholders over the three years ending in 2026.

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Britain’s Lottie Woad became one of the top players in the world by demolishing professionals while she was still an amateur. Now, she’s ready to start winning majors.

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Individual investors are trading with abandon, driving up prices of everything from stocks to crypto—and turbocharging the brokerage business.

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