Facebook led US IPOs to their worst monthly performance since Lehman Brothers collapsed, as Europe’s debt crisis scuttled IPO plans from New York to Hong Kong.
Mario Draghi, president of the European Central Bank (ECB), has urged Europe's leaders to show 'vision' in tackling the euro debt crisis, as rumours swirled about a potential International Monetary Fund (IMF) bailout for Spain.
Morgan Stanley CEO James Gorman has been talking about the Facebook IPO debacle.
It's keeps on running.
The trial continues.
Reuters reports that Royal Bank of Scotland's CEO, Stephen Hester, needs to be given the freedom to complete his five-year turnaround plan without excessive interference, the bank's chairman said at the firm's annual meeting Wednesday.
Instinet has announced that its Instinet, LLC subsidiary has entered a research marketing agreement with Meredith Whitney Advisory Group, LLC (MWAG).
House prices in London's glitziest districts will drop by up to 50% over the next five years if the eurozone collapses, according to research by City consultancy Fathom.
The chairman of Royal Bank of Scotland has admitted it could take generations for the bailed-out bank to return to its pre-crisis value. Shareholders, he said, had no hope of recouping their losses any time soon.
Brussels is involved in last-ditch attempts to prevent Spain from becoming the latest EU country to need a financial bailout after markets tumbled on mounting fears of a banking collapse in the eurozone's fourth biggest economy.