Inter dealer brokers Tullet and Icap could avoid a lengthy probe into their merger, with the two firms proposing a sale of the latter's London-based oil trading desks.
Royal Bank of Scotland has cut 2,700 jobs - around a 5% of its UK workforce - in the past four months as the bailed-out bank attempts to cut costs in its attempts to return to the private sector.
Hong Kong has been named the world’s most expensive city for expats as concerns over a possible UK exit from the EU contribute to London dropping from 12th to 17th, according to an annual survey.
All possible preparations have been made for the EU referendum, the banks keep telling us. Even the cash machines will be stuffed full, just in case an obscure continental lender chooses Friday to go bust and trigger unnecessary panic.
A late plea for voters to back the remain option in this week’s EU referendum has been issued by 1,285 business leaders who say in a letter to The Times that Brexit would damage Britain’s economy.
The two most powerful central bankers have warned that they are on high alert for financial and economic fallout from the EU referendum, amid signs that the result of Thursday’s vote still hangs in the balance.
Sad to report
Jefferies Group posted a 55% surge in bond-trading revenue, the biggest increase since the third quarter of 2014, helping the firm recover from a punishing loss in the previous three months.
The investing guru's massive success will be difficult, if not impossible, for newcomers to repeat, he says.
As business students pack up their belongings after graduation, fewer are listing hedge funds as a top destination, while private equity and startups are becoming more attractive.
More than 150,000 people have signed an EU staff petition demanding that the former European commission president José Manuel Barroso loses his pension for taking a job at Goldman Sachs.
A change in the currency trade winds this year has taken a tough toll on Deutsche Bank as it fights to dispel worries about its overall stability.
Wall Street investors are unlikely to have that Friday feeling this week, as several big banks are set to release results and the outlook is less upbeat than it could be.