Financial titans are warning that the government's inaction in the face of the approaching fiscal cliff poses real risks to an economy that's already saddled by halting growth and a burgeoning debt load.
Blackstone Group, manager of the world’s biggest property fund, is collecting on $2bn of bets it made mostly on London developments in the last five years as banks shunned similar investments.
James Coyne, governor of the Bank of Canada during one of the central bank’s most tumultuous periods, died on October 12th, the bank said Sunday in a statement. He was 102.
Citigroup has reported a $468m profit for the third quarter, beating analysts’ estimates on a $582m tax benefit and a surge in bond-trading revenue.
FOX Business Network (FBN) Senior Correspondent Charlie Gasparino reports the House Financial Services Committee demanding documents from the New York Federal Reserve during the time it was headed by Treasury Secretary Timothy Geithner and that these documents may be released 'as early as Monday'.
Being the world's biggest search engine isn't enough for Google; the firm is now venturing into the business of suppplying credit cards as well.
Pick a number.
Poor old Bob Diamond, the banking CEO some people love to hate.
It has become a bellwether for the City, its fortunes closely mirroring those of the Square Mile's high rollers.
HSBC, the administrator of $150bn in assets for hedge funds, is terminating agreements with some smaller Asian clients to focus on more profitable ones, said three people with knowledge of the matter.
Goldman Sachs tried to poach Thomas Hayes from UBS in 2008 with the promise of a $3m signing bonus, according to documents at a London trial.
HSBC prides itself on its global reach. But the bank may have spread itself too thin.
Deutsche Bank has hired Bank of America’s Blake Hallinan to head global investment-banking coverage for retailers.