EpiPen maker Mylan is racing to put down a revolt from shareholders outraged by a $98 million pay package for its former CEO.

Network Ten has entered voluntary administration after the network said its directors "had no choice but to appoint administrators."

That’s enough to cover the annual cost of attending Harvard University and still have plenty left over for pizza and beer.

Steven Clifford knows—for over 20 years, he helped craft some extremely generous executive-compensation packages.

Student loan defaults are a bonanza for the debt collection industry.

Snap Inc. missed Wall Street expectations for its first quarterly earnings as a public company on Wednesday, sending its shares plunging more than 20%.

Arconic, the industrial materials company that spun off Alcoa, has been treated with kid gloves by big asset managers. Thursday’s annual meeting could change things. By Gretchen Morgenson.

Plastc launched in 2014 with the promise of shipping a single card that could digitally hold 20 credit or debit cards that a user could switch between.

Soylent, a substance, is about to be everywhere. A team of queasy venture capitalists just invested $50 million into the company. This, despite the fact that Soylent is perhaps best known for lying about its ingredients and giving people fits of relentless vomiting and uncontrollable diarrhea.

Tax cuts are great when they are actually tax cuts. In a system with a central bank, though, tax cuts are never tax cuts if there are no spending cuts to accompany them. This is because tax cuts without spending cuts simply mean more deficit spending. 

People who use “God” and “promise” are more likely to default. By Seth Stephens-Davidowitz.

Bitcoin has broken through its all-time price high.

The company, which was once valued at $6 billion , sold to rival Groupon for $0.

Snap has given a final price for its IPO, setting the company's valuation at nearly $24 billion with a price of $17 per share.

Noam Chomsky has warned the Donald Trump-fuelled rally in capital markets is coming to a close and another financial crash is on the horizon. The linguist, philosopher and social critic said the President’s “anti-estabishment” status was a “joke” given his establishment appointees and anti-regulation policies, which have encouraged the stock market. “What's anti-establishment?” he asked, as reported by AlterNet.

They won't give you interest for the money you give them for free....and now you have to pay them to use your money for free. These are high powered parasites.

Wells Fargo & Co. has been ordered to rehire a former Los Angeles-area bank manager who federal officials say was fired because he reported potential fraud to his superiors and to a bank ethics hotline — a claim the bank denies even as it has acknowledged problems with its hotline. The Occupational Safety and Health Administration said Monday that the San Francisco bank must not only rehire the whistleblower, who was fired in 2010, but pay him $5.4 million in back pay, damages and legal fees.

Today the world is dominated by 30 financial corporations that hold more than half the shareholdings of its corporate giants. And they follow the logic of finance capital – the logic of money.

Few parts of the U.S. are as exposed to the threats from climate change as Ocean County, New Jersey. It was here in Seaside Heights that Hurricane Sandy flooded an oceanfront amusement park, leaving an inundated roller coaster as an iconic image of rising sea levels. Scientists say more floods and stronger hurricanes are likely as the planet warms. By Christopher Flavelle.

U.S. regulators failed five big banks on Wednesday, including JP Morgan and Wells Fargo, on their plans for a bankruptcy that would not rely on taxpayer money, giving them until Oct. 1 to make amends or risk sanctions. The move officially starts a long regulatory chain that could end with breaking up the banks.

A U.S. appeals court on Monday threwout a jury's finding that Bank of America Corp wasliable for mortgage fraud leading up to the 2008 financialcrisis, voiding a $1.27 billion penalty and dealing the U.S.Department of Justice a major setback.

Some hedge funds profited on Brexit, including ones run by George Soros, Stan Druckenmiller, Crispin Odey, Nancy Davis' Quadratic Capital, and Schonfeld Group.

Fraud, Santeria rituals and an unsolved killing at Doral Bank. By Zeke Faux.

The UFC has been sold for approximately $4 billion to a group led by Hollywood talent agency WME-IMG.

Apparently the message of the financial crisis didn’t get across Quick: If you take out a $1000 loan that has a 20% rate, how much will you owe a year in interest? Answer: $200. But if you got that wrong, you’re not alone. Nearly two thirds of Americans can’t calculate interest payments correctly, according to a new study. About a third said they didn’t even know how. One of the silver linings of the financial crisis was that it was supposed to have taught many Americans a lesson, albeit painful, about the dangers of debt, and financial issues in general. Apparently, the message, though, didn’t get across.

If you want to understand the relationship between financial markets and innovation, consider the story of how the Beatles helped revolutionise medical imaging.

Warren Buffett has donated $2.9 billion worth of stock to five charities on Wednesday, an official filing has shown.

The French philosopher outsmarts the lottery. By Roger Pearson.

It’s 40 years ago and a fraudster goes into your local bank branch. He forges your signature and makes a withdrawal from your account. When you discover the crime and report it to the bank, your account is naturally refunded at once. It’s the bank’s problem. It’s also the bank’s fault, you’d probably say. Today, much has changed. It’s still the bank’s job to safeguard clients’ money. But because we access our cash and accounts in so many different ways, and can transact so much more quickly, the issue of who carries the risk of fraud has become blurred.

Facebook CEO Mark Zuckerberg added $3.4 billion to his fortune in just over an hour on Wednesday in after-hours trading, as the market cheered the social media company’s impressive second-quarter results. The gains pushed Zuckerberg’s net worth to a new high of $56.7 billion, according to FORBES estimates. He is currently the world’s fifth-richest person, right behind Jeff Bezos, who has an estimated fortune of $64 billion.

The self-empowerment blogger and author of 16 books, including the Amazon best seller “Choose Yourself,” is an unlikely role model. By Alex Williams.

An HSBC and Bank of America Merrill Lynch venture and financial technology firm R3 said separately on Wednesday that they had created ways of using blockchain technology to simplify trade finance processes. The two banks said they had joined with the Infocomm Development Authority of Singapore to emulate a letter of credit (LOC) transaction. Letters of credit are one of the most widely used ways to reduce risk between importers and exporters, helping guarantee more than $2 trillion worth of transactions, but the process creates a large paper trail and is time consuming.

When the European Central Bank introduced a negative interest rate on lenders’ deposits two years ago, few thought things would ever go this far.

Banks, governments, credit card companies and fintech evangelists all want us to believe our cashless future is inevitable and good. But this isn't a frictionless utopia says Brett Scott, and it's time to fight back​. Several months ago I stayed in an offbeat Amsterdam hotel that brewed its own beer but refused to accept cash for it. Instead, they forced me to use the Visa payment card network to get my UK bank to transfer €4 to their Dutch bank via the elaborate international correspondent banking system.

If you knew where to look inside the loan company, things were worse than anybody realized. By Max Chafkin and Noah Buhayar.