Stepping into the offices of Robey Warshaw, the Mayfair-based boutique bank advising on the potential blockbuster takeover of SABMiller by Anheuser-Busch InBev, is like going back in time to a world before the rise of the global investment bank.
Typically, in dramas involving a villain who threatens the security of the world’s financial markets, the crook tends to be holed up in a futuristic pile located on some glamorous yet unregulated island.
A dramatic drop in the FTSE 100 index is being investigated by the London Stock Exchange amid speculation that a “fat finger” incident is to blame.
The Barbican cultural centre in London is currently hosting The Colour of Money: a season of films about finance, “from the gold rush to the credit crunch”.
US stock markets closed down almost 2% on Friday following sharp falls across the world due to investors’ renewed concern about the health of the global economy after the US Federal Reserve decided to leave interest rates on hold.
'We decided that an extortionate settlement would have insulted our people and our culture'.
An Idaho ranch owned by ex-Lehman CEO Dick Fuld sold for more than $20 million Thursday, becoming the most expensive property ever sold at auction.
He was on the trading floor for 55 years.
Swiss banks led by Credit Suisse are stepping up operations in Luxembourg, using the rival market as a gateway to clients in the 28-nation European Union.
Morgan Stanley’s fixed-income and commodities business is capable of generating $4bn in annual revenue after the firm cut the operation in recent years amid an industrywide slump, Chief Executive Officer James Gorman said.
Goldman Sachs and an Australian hedge fund agreed to end a $1bn lawsuit over the sale of mortgage-linked securities, including an investment known as “Timberwolf” that became a symbol of the financial crisis after it was cited in internal e-mails released by U.S. lawmakers.