An interest rate hike in the UK is “moving closer”, the governor of the Bank of England told MPs in comments that have fanned market expectations that policymakers could start to tighten borrowing costs before the end of the year.
JPMorgan Chase delivered quarterly earnings that topped analysts' expectations on Tuesday.
Tom Hayes is a serial liar who changed his story multiple times to save himself amid a widening global scandal over the rigging of Libor, prosecutors said.
Goldman Sachs Asset Management has announced that it has entered into an agreement to acquire Imprint Capital ('Imprint'), a leading institutional impact investing firm and innovator in developing investment solutions that generate measurable environmental, social, and effective governance ('ESG') impact alongside a financial return.
Worldwide announced Mid-Market M&A deals valued up to $500 million (including undisclosed value deals) totaled US$440.9 billion for the first half of 2015, a 6.3% increase year-on-year.
'The losses are truly horrendous'.
Things became increasingly emotional.
Tom Hayes told a London court Monday that he was suicidal and depressed two years ago when he admitted to prosecutors that he was behind a scheme to rig Libor rates.
Sacked Barclays chief executive Antony Jenkins will walk away with about £28m [$43.5m] in cash and shares despite failing to turn around the troubled bank.
UBS Chairman Axel Weber warned on Tuesday that the beleaguered European banking sector was still facing many challenges, particularly on the regulatory and capital front, and that the European Central Bank (ECB) was likely to wait and see how its policies do before changing course.
Robert Grillo, the former head of fixed-income electronic sales at Bank of America, has joined startup Treasuries trading platform OpenDoor Trading as president.
Morgan Stanley CEO James Gorman sounded a positive note about the Wall Street bank’s business, telling investors to “stay tuned” for better performance as markets recover.