The average bonus paid to securities industry employees in New York City grew by 15% to $164,530 in 2013, which is the largest average bonus since the 2008 financial crisis, and the third highest on record, according to an estimate released by New York State Comptroller Thomas P. DiNapoli.
A former banker at a Credit Suisse unit facing a July 2011 indictment on a tax conspiracy charge is scheduled to plead guilty Wednesday in federal court in Virginia, according to court records.
After a year of scandal, beleaguered hedge fund SAC Capital is renaming itself as Point72 Asset Management, The New York Times reported on Tuesday.
Two buildings collapsed in Manhattan Wednesday morning following a gas leak explosion that rattled surrounding buildings and shattered windows, authorities said Wednesday, killing at least two people and injuring more than 20.
The headquarters of social media giant Facebook in Northern California were evacuated late on Tuesday after a suspected threat to the company caused the group to contact police.
Cryptocurrency bitcoin, which has come under rising scrutiny since the recent collapse of Mt.Gox, has a much better shot as a payment mechanism than a currency, says Goldman Sachs.
I've never agreed with Bob Crow's politics, and was certainly not a supporter of his attempts to grind London to a halt in order to improve his union's negotiating position. I am, however, saddened by his death.
The Bank of England is scrutinising allowances awarded to top staff by banks in an effort to establish whether they are a covert way of avoiding a new European Union cap on bonuses, a senior official at the central bank said on Tuesday.
Firm plans to trim about 6% of the workforce.
Bank of America on Tuesday named Rodrigo Xavier as the top executive for its wholesale and investment banking unit in Brazil, where the second-largest U.S. lender has enjoyed fast growth in recent years.
Jack Dorsey is no longer a billionaire, thanks to the crashing stock markets and his struggling tech empire.
Hedge funds had their worst performing year last year since 2011, posting returns of 2.02 per cent, according to the latest data from Preqin.
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.