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.
'They structurally need to cut 15 to 20% of Managing Directors, straight off'.
Three online exchanges for the bitcoin virtual currency have suspended conversions into state-backed currencies, saying they are under attack from hackers suspected of trying to create fraudulent transactions.
Nicole Miller CEO Bud Konheim has a message for all of the 99 percenters: you're luckier than you think.
Stacks of cosmetic mirrors with the Goldman Sachs logo
Another day, another handful of traders fleeing large investment banks for hedge funds. This time, Bloomberg News reports, it is two Goldman Sachs Managing Directors joining Citadel, Kenneth Griffin’s giant hedge fund, which is based in Chicago.
Janet Yellen has strongly indicated to Congress that Federal Reserve policymakers are likely to vote to raise US interest rates in two weeks – barring any major shocks to the global economy.
The blowout year for M&A just keeps getting bigger.
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