Most of the stereotypes associated with the world's ultra-high-net-worth (UNHW) population are just plain wrong, says research house Wealth X Institute.
BNP Paribas Co-Chief Operating Officer Georges Chodron de Courcel became the first senior executive to step down as U.S. regulators seek to fine the French bank as much as $10bn for sanctions-breaking.
Rajat Gupta, the former Goldman Sachs director found guilty of insider trading, must report to prison next week after a U.S. Supreme Court justice rejected a last-ditch request.
UK financial services employees feel underpaid and undervalued, despite the industry’s return to growth.
Rigging the foreign exchange, bond and commodity markets could become a criminal offence, the government will warn the City on Thursday as part of its latest effort to clean up the financial markets after a wave of scandals and allegations relating to key benchmarks.
HITC has been polling employees at commercial and investment banks, asset management and private equity firms and hedge funds globally for the past decade to determine who they think is the best firm to work for.
James Tomilson Hill, the Blackstone Group vice chairman who runs the company’s $58bn hedge-fund business, has emerged as a billionaire as the world’s largest private-equity firm and his art collection have surged in value.
Morgan Stanley and Banco Santander are hiring executives from the U.K. markets regulator for their London operations, as banks look to the watchdog for staff to see them through - and keep them clear of - probes.
Pimco is still hawking its "new neutral" expectations for interest rates to stay lower for longer, but some analysts are starting to express doubt.
Bad weather in the U.S., the crisis in Ukraine, rebalancing in China and the anticipated rise in interest rates will hit global growth this year, according to the World Bank, which has urged countries to continue urgent reforms.