It's starting to sink in now, and it doesn't look good for London.
Barclays said third-quarter pretax profit rose 29% as revenue from the fixed-income arm of its securities unit increased, mirroring gains at the British bank’s U.S. competitors.
Global investment banks such as Barclays and Deutsche Bank will probably increase their market share after UBS decided to scale back its investment bank in the face of higher capital requirements.
New York underwater is a favorite image of disaster-movie makers.
U.S. equity markets will reopen Wednesday after the longest weather-related shutdown in more than a century, resuming after the New York Stock Exchange was spared by Hurricane Sandy as it swept through New York Monday.
I've done that UBS walk to HR, although I was actually taken to the meeting room by my boss.
Standard Chartered hopes to settle all claims over Iran-linked transactions with US agencies by the end of the year.
C Suisse and a unit of Qatar Investment Authority, the Persian Gulf emirate’s sovereign-wealth fund, plan to start an asset-management joint venture, three people with knowledge of the matter said.
Gone are the days when investment banks looked only for the numerical whiz kids to help them in their investment decisions. Now, they use psychologists to get a better insight of how investors’ minds and the markets work.
CVC Capital Partners has announced that CVC's Chairman, Michael Smith will retire in January 2013. He will be succeeded by Donald Mackenzie, Rolly van Rappard and Steve Koltes who will act as co-chairmen of the group.
Former star financial analyst Meredith Whitney has finally resolved a legal battle, but her hedge fund appears to have little money left.
HSBC has launched an investigation into one of its senior executives in connection with a major corporate scandal centred on deals made by Italy’s largest insurer, the Guardian has learned.
Wall Street and Silicon Valley are both booming, but only financial worker stress is making headlines. Which sector treats workers better ?