Saudi Arabia is transferring $27bn to the sovereign wealth fund to boost investments and diversify from oil.
Falling commercial real estate prices after the U.K.’s vote to leave the European Union pose a threat to bank stability because of the market’s reliance on foreign capital, Bank of England said.
The poorest performer of the seven lending institutions examined.
Could be named as early as Wednesday.
Nomura Holdings CEO Koji Nagai said he’s confident that the brokerage will sustain a rebound in overseas profit this fiscal year as global financial-market turmoil subsides and cost cuts take hold.
Australia & New Zealand Banking Group Ltd. has axed its traditional A$1,000 ($746) share bonus for staff this year, citing the need to cut expenses.
Here's something sent in by one of our readers.
Trader goes nuts!
Teresa Teague, a former Hong Kong-based partner at Goldman Sachs, is teaming up with other well-connected dealmakers to start a boutique investment advisory firm linking Chinese investors with foreign deals.
Aberdeen Asset Management head Martin Gilbert said he’d like to do a U.S. deal similar to U.K. peer Henderson Group’s “very smart” tie-up with Janus Capital.
Here's a quick look at some of the trading disasters which have occurred in recent years. Note that these are genuine foul-ups (or 'fat-fingered' trades), and not losses down to rogue traders.
Wells Fargo faces a new U.S. lawsuit claiming that it funneled more than $3bn of employee retirement savings into expensive, underperforming proprietary mutual funds to enrich itself.
The chairman of Nordea Bank said there’s little chance he’ll resume talks to merge with ABN Amro, and signaled no interest in buying shares in the bank from the Dutch government.
Safe-haven bonds are hitting serious tailwids, Nuveen's Bob Doll explained to CNBC's "On the Money."
Here's 11 examples of political correctness gone mad.
Citigroup said this week that it appointed Fabio Fontainha as head of consumer banking for the Association of Southeast Asian Nations (ASEAN) region, effective December 1.
Here's 5 things our Highly Placed professional likes about working in Paris - and 5 things he misses about London.
Here's our list of the worst type of male job interview candidates:
Back by popular demand.
Barclays' General Counsel Bob Hoyt improperly used a copy of an interview given by Richard Boath in a criminal investigation to fire the executive, Boath’s lawyer told a London employment tribunal Friday.
Ex-Barclays executive Richard Boath will have to wait until May to pursue a suit against the bank over his dismissal after a London employment tribunal postponed the case because of a related criminal investigation.
Toronto-Dominion Bank and Canadian Imperial Bank of Commerce reported higher fiscal fourth-quarter profit on gains in capital markets, helping counter slower growth in their domestic retail businesses.
A finance boss whose company's atmosphere was likened to the Wolf of Wall Street has been jailed for 12 months for two counts of sexual assault.