And the best place to be is....
Is success being vilified in America ? The successful seem to think so.
Why aren’t there more women running hedge funds ?
Barclays is shaking up the way it pays its U.S. financial advisers, breaking with industry practice as the bank seeks to clean up its image.
Leaning in ?
Greg Fleming, who runs Morgan Stanley’s asset-management division, said the business will boost profitability in the next two years while increasing assets by about one-third.
Royal Bank of Scotland has been warned that it faced a potential downgrade by the credit rating agency Moody's which is concerned that last month's profits warning may have weakened its financial strength.
French bank BNP Paribas reported net profit for 2013 that missed market expectations with two different charges for the bank hitting its figures for the year.
State-backed Lloyds Banking Group has swung back into profit, delivering a £1.7 million ($2.8 million) bonus for its chief executive despite amassing £10.3 billion in misselling provisions in the last three years.
Word Monday that Brevan Howard Asset Management was closing its emerging-markets fund hit a nerve with other fund managers focusing on developing economies, many of whom have had a tough start to the year.
Investment banks earned the least since 2002 from Russian corporate deals last year as sanctions and low oil prices curbed transactions, according to the consultancy Freeman & Co. Domestic lenders garnered more than half of the commissions for the first time as international firms retreated.
If it seems like the Davos reads like a who's who of the world elite, you wouldn't be wrong.