Japanese fund manager Nomura Asset Management (NAM) has launched an office in Dubai International Financial Centre (DIFC) as part of its ongoing commitment to the Middle East.
A 62-year-old Hummer-driving Long Island fund manager was charged Monday with running a Ponzi scheme for nine years — siphoning $17m from his clients.
American International Group announced that CEO Bob Benmosche is will resign as of Sept. 1. He will be replaced by Peter Hancock.
This could get expensive.
ABN Amro Group will cut about 100 jobs as it ceases offering equity derivatives products and shutters its Asian markets business.
Deutsche Bank said on Monday it begun operating a precious metals vault in London, joining a series of other institutions that offer to store gold in the global centre of the over-the-counter bullion market.
Point72 Asset Management LP, Steven A. Cohen’s family office and successor to his hedge-fund firm SAC Capital Advisors LP, is banning some of its employees from using instant messaging for external communication after last year agreeing to settle insider trading allegations.
ICAP, the world’s largest broker of transactions between banks, has been accused by the European Union’s antitrust arm of colluding to help rig interbank lending rates.
Gordon Brown has accused David Cameron's ministers of putting the survival of the UK at risk by wrongly using "threats and ultimatums" to make the case against Scottish independence.
Smart labels that could help fix a washing machine, an app that can build virtual versions of customers' homes and a system to track shoppers in stores are on a short-list high-tech innovations competing for £100,000 in investment from John Lewis and tech entrepreneur Stuart Marks.
The chair of the City watchdog has defended the organisation against accusations of government interference, as he expressed irritation at George Osborne publicly announcing the withdrawal of one of the frontrunners to lead the regulator.
This time last month stock markets were starting an end-of-year rally, cheerfully regarding the US Federal Reserve’s small increase in interest rates as evidence of the underlying strength of the global economy. Now, says William White, former chief economist of the Bank for International Settlements, the situation is as bad as in 2007, the onset of the banking crash.
Deutsche Bank has warned investors it expects to report a €6.7bn (£5.15bn) loss for the fourth quarter of 2015.