The amount of high-yield — and high-risk — debt issued in in Europe, the Middle East and Africa last month slumped to a seven-year low, Moody's Investors Service said on Thursday.
The Waltons, already the wealthiest family in the US with an estimated $149bn fortune, added a further $5bn last year from dividends and share buybacks at Walmart.
Here's a list of 12 smart comebacks.
A former Deutsche Bank analyst once ranked among the best in the U.S. will pay a $100,000 penalty and be banned from the securities industry for a year to settle a regulator’s claims that he issued a buy recommendation at odds with his personal opinion.
Brexit would be “carnage” for UK fund managers, leaving them battling regulatory hurdles, experts have warned.
CEO Tidjane Thiam is 'very capable' of making the right decisions on which parts of Credit Suisse’s investment bank to keep and which to relinquish, one of the company’s biggest shareholders said.
Currency managers battered by the failure of most major trading strategies this year are switching tactics.
The power of mentorship has become pervasive in the business world, and mentors have achieved mythic status. It could be time for a breakup.
The majority of managers at HSBC’s UK retail and wealth group will not receive a pay rise this year, a spokesman for HSBC confirmed this evening, despite the bank U-turning on a policy to enact a pay freeze.
First came the big short. Then, for Milan Patel, came the big long.
Wealth management firm Baird said Glen Clarke has joined its global investment banking business as a managing director in its global consumer team.
JPMorgan will use a computerized trading firm’s technology to access and trade in the U.S. Treasury market, marking a further step in the transformation of markets by electronic specialists.
UBS sold $1bn of the riskiest type of bank debt in Europe’s first sale of the bonds since Britain’s vote to leave the European Union.