The fragmented UK wealth management sector is shrinking as firms quit, bulk up or look to service a more profitable slice of the country's growing number of rich clients, to cope with costly new regulations.
U.K. banks will struggle and face more 'pain' weighed down by conflicting demands from investors, customers, regulators and the government, according to KPMG.
The global economy seemed to be on the mend when the International Monetary Fund met for its spring meeting in Washington 10 years ago.
BP will come under pressure at its annual meeting this week to explain how its decision to take a 20% stake in Russia's biggest oil company Rosneft is going to be affected by the country's standoff with the west over Crimea.
Everyone looks their best when they are on holiday – even Marks & Spencer, which escorted investors and the press corps around "gay Paree" last week.
Here are the 4th round results in HITC's Best Pace to Work in the financial markets poll.
The US unemployment rate in March remained stubbornly elevated at 6.7% in March with 10.5 million people out of work, showing job growth is good, but not good enough to make a dent in the long-term doldrums that have slowed economic growth since the financial crisis ended in 2009.
The European Central Bank (ECB) remains very worried about low inflation, despite failing to take any action this week, the central bank's vice-president told CNBC on Friday.
Goldman Sachs CEO Lloyd Blankfein's compensation climbed 50 percent in 2013, according to a regulatory filling released Friday.