Three banks – the Co-operative Bank, Lloyds Banking Group and Royal Bank of Scotland – were found to be lacking financial strength by the Bank of England after being subjected to tests designed to measure their ability to withstand economic shocks.
Bitcoin had a wild ride over the past two years, with prices driven by speculation, investment and government regulation, and investors should expect nothing less in 2015.
Another week, another set of wins for activist investors, with Elliott and JANA gaining on the buyouts of Riverbed and PetSmart that they pushed for.
To test the resilience of the financial sector, the Bank of England created a hypothetical scenario in which economic growth plunges, the housing market crashes, and inflation and unemployment soar.
Shares in the City closed at their lowest level of 2014 on Monday night as fears that the plunging oil price will prompt economic collapse in energy-dependent Russia led to a global stock market sell-off.
Bring on 2015.
'Foolish' actions wreck 20-year career 'without blemish'.
And the very next day, my boss got fired.
Onto five trading floors each longer than a football field.
Morgan Stanley lost three emerging-market bond traders to competitors, according to people with knowledge of the matter.
Steven Rattner, the money manager and former leader of the U.S. bailout of the auto industry, won regulators’ approval to work on deals for the investment-banking unit at Guggenheim Partners.
Londoners are the second happiest workers in Europe, but anyone wanting greater job satisfaction should head to Dublin.