Saudi Arabia’s potential initial public offering of its state oil company could be the largest ever, a juicy target for any ambitious Wall Street bank. In a country traditionally cold to outsiders, only a few have the experience to win it.
ICBC Standard Bank is buying the lease on Deutsche Bank's London gold and silver vault, enlarging its footprint in the city's bullion market, four industry sources close to the companies said on Friday.
Has Ziggy Stardust finally gone for real ? Music icon David Bowie is said to have died Sunday, just days after his 69th birthday and the release of his latest album.
When the European Central Bank announced a smaller-than-expected stimulus plan last month, Brevan Howard, one of Europe’s largest hedge funds, was one of the biggest casualties. Its master fund is said to have lost $670m after misreading the runes.
The second-in-command at Standard Chartered stands to receive a pension worth almost £500,000 a year when he leaves the emerging markets-focused bank at the end of 2016.
Nearly a dozen people accused of manipulating a key rate of lending between European banks are due to make their first appearances in court this week in the latest of several rate rigging prosecutions brought by the Serious Fraud Office.
Fresh strikes by London Underground drivers look set to go ahead as the long-running row over Night Tube working conditions continues.
Londoners spend on average over £6,000 on their jobs each year just getting to and from work, as well as buying work-related items, new research has shown.
The Financial Conduct Authority is "not going soft on banks", its interim chief executive Tracey McDermott said after the regulator dropped probes into the banking industry.
Regulators on Friday banned Point72 Asset Management's Steven Cohen from supervising hedge funds until 2018.
Morgan Stanley topped analysts' estimates for the second quarter, reporting earnings per share of 75 cents and revenue of $8.9 billion.
Kweku Adoboli and Tom Hayes have more in common than working at UBS and jail. The men, who are both 36, have each turned to crowdfunding to raise money for their court appeals.
Goldman Sachs reported a higher second-quarter profit on Tuesday, as it benefited from a sharp decline in expenses and more activity in some parts of the fixed-income markets, but most of its businesses came under pressure.