An influx of rich Europeans to London is causing the cost of living for the ultra-wealthy to surge, a top private wealth management firm reported on Monday.
Swiss bank UBS is warning that gold's appeal as an inflation hedge and as an alternative to the U.S. dollar is at risk of becoming "obsolete" after the Federal Reserve last week began preparing markets for a wind-down of its stimulus program , possibly by the end of the year.
Bank of America has released its annual Corporate Social Responsibility (CSR) report to provide an overview of the environmental, social and economic impact of its businesses as well as progress in meeting commitments to customers, clients, employees, shareholders and the communities it serves.
European ministers are likely to reach a deal on banking reform when they meet on Wednesday, the European Union's economic and monetary affairs commissioner Olli Rehn told CNBC.
Trading is not the job it was, and many traders are now regarded as just unnecessarily expensive accessories.
Global banks have improved their capital ratios in part by understating the riskiness of their assets, not by raising their ability to stem losses, the Bank for International Settlements said.
Former fund manager John Mattera was sentenced to 11 years in prison on Friday, after pleading guilty of defrauding investors of $13m with a story that he put their money in Facebook and Groupon shares before the companies went public.
The bestselling author of The Sellout tells the explosive story of the government’s crackdown on insider-trading networks—an investigation that has already racked up more than 60 convictions.
A top banker with the financial institution that almost bankrupted Ireland boasted that he had picked the figure of €7bn (£5.9bn) they told the Irish government was needed to rescue the Anglo Irish Bank "out of his arse".
Mutual and exchange-traded funds hemorrhaged a record volume of bonds in June, according to a fresh report by TrimTabs Investment Research, as investors fear the impact of a scaling back of the U.S. Federal Reserve's bond purchasing program.
Interbrand, a brand consultancy group, has ranked the top global brands every year for the past 16 years.
Worldwide M&A up 32%, strongest first nine months for deal making since 2007.
Still, the Supreme Court decision could free up an additional $1.25 billion to be returned to victims of the epic Bernard Madoff Ponzi scheme.