Prominent hedge fund managers criticized President Obama's decision not nominate Larry Summers to be chairman of the Federal Reserve.
IPO (initial public offering) volumes will pick-up further towards the end of the year, according to a new report by Ernst & Young (EY), with German and British companies leading the way as Europe's recovery gathers strength.
Nomura has strengthened its position as the world’s preeminent provider of Fixed Income research, following the announcement of its #1 ranking for Currency / Foreign Exchange research in the Institutional Investor All-America Fixed Income Research survey for 2013.
Do you have what it takes ?
July and August revenues are thought in many cases to be below those in the same period in 2012. The weakness is believed to have extended into September.
Did you know that a postage-stamp sized piece of circumcised foreskin, takes only 21 days to grow enough to cover 3 basketball courts?
By Dick Bove
Credit Suisse's wealth management business will pull out or partially withdraw from some 50 countries by the end of the year, a Swiss newspaper reported on Tuesday, as part of a drive to save $4.8bn.
Charges related to JPMorgan's sales of mortgage-backed securities could be filed as early as Tuesday by U.S. prosecutors in California who have been investigating the bank, a person familiar with the matter said.
Bank of America was ordered to pay $2.2m to black job applicants who were unfairly rejected for teller and clerical positions in a case spanning almost two decades, according to the U.S. Department of Labor.
A group of victims who lost family or were injured in two US embassy bombings in Africa are suing BNP Paribas for $2.4bn, alleging the bank helped finance the terrorist attacks by doing business with blacklisted nations.
Jes Staley, the newly appointed chief executive of Barclays, has spent £6.4m buying shares in the bank.