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.
A senior banker who slowly lost his sanity after a helicopter crash blew millions on lavish gifts to people he barely knew, while his bank adviser did nothing to stop him, a lawsuit claims.
Newly minted university graduates who have landed coveted jobs on Wall Street may have impressive résumés and sought-after references. But often, nuts-and-bolts skills like spreadsheet building and database extraction are not part of university curriculums.
While Goldman Sachs President Gary Cohn talked Thursday about how many people still wanted to work for the firm, a Morgan Stanley executive told an analyst recently that he was somewhat 'worried' about losing talent to smaller investment banks.
There's very little known about the man behind the Goldman Sachs Elevator Twitter persona @GSElevator.
The Buy Side, by former Galleon Group trader Turney Duff, portrays an after-hours Wall Street culture where drugs and sex are rampant and billions in trading commissions flow to those who dangle the most enticements.
A former Deutsche Bank executive fired when female colleagues accused him of sexual harassment won a discrimination lawsuit after London judges ruled the women had lied, exaggerated and used lewd language themselves.
Barclays is to open talks with potential buyers of its Brazilian investment banking business as part of a wider restructuring led by the new chairman of the bank.
The Swiss Competition Commission has started investigating seven banks, including UBS and Julius Baer, for possible price-fixing in precious metals trading.