It never rains.....
Credit Suisse and Elbit Systems have agreed to a settlement of the Israeli defense contractor’s lawsuit seeking to hold the bank liable for the conduct of two former brokers convicted of defrauding investors.
Royal Bank of Scotland (RBS), the recipient of the world’s biggest banking bailout, had its credit outlook changed to negative from stable by Standard & Poor’s amid 'new failings' across the U.K. financial system.
The wealthiest 1 percent now control 39 percent of the world's wealth, and their share is likely to grow in the coming years, according to a new report.
The number of ultra-high net worth individuals (UHNW) with assets of $30 million and above in Asia has increased exponentially over the past three decades, more so than in any other area.
Europe's banks, which were among the biggest buyers of U.S. mortgage bonds before the financial crisis, are set to cash in on America's housing recovery by selling the once "toxic" assets back to U.S. lenders.
Energy & Power M&A Falls to 4-Year Low
As western Europe's tallest building, The Shard, gets ready to celebrate its first birthday, skepticism about its popularity mounts amid revelations that only six of its 72 floors are in use.
Ten years ago this week, it was euro crunch time for Britain. Gordon Brown had promised an assessment of whether the UK met his five tests for entry into the single currency within two years of the 2001 election. He met the deadline almost to the day.
Sir Mervyn King is to become one of the growing number of high-profile business and finance figures to take a so-called "grey gap year" when he steps down as governor of the Bank of England at the end of this month.
Britain’s financial services sector could retain its pre-eminent global position even if voters opt to leave the European Union, according to a leading economics consultancy.
The average price paid by Londoners for property has had hit a record high of 12 times earnings, and the gap between house prices in the capital and the UK’s other big cities is at its widest for 20 years, according to a an industry report.
Deutsche Bank has benefited from lower funding costs in part because investors confused it with Germany’s central bank, said Stefan Krause, a member of the company’s management board.