George Osborne faces a black hole of more than £20 billion in the public finances, according to official government economic models, the Financial Times reports.
'It does not look good for the bank at the moment'.
Satoshi Nakamoto, the developer credited with inventing bitcoin, is alive, well and living a hermit's life in California, according to Newsweek.
The number of American companies planning job cuts declined in February, with the bulk of layoffs seen in the financial sector.
Bank of America Merrill Lynch has hired Peter Guenthardt, previously of UBS, as co-head of Asia-Pacific global capital markets,
Former Federal Reserve Chairman Ben Bernanke’s reported $250,000 for a speech in Abu Dhabi on Tuesday puts him in rarefied air of public speakers, experts said.
HSBC and BNP Paribas would ditch their securities units if they were to fail, while American International Group would spin off its non-life insurance divisions.
JPMorgan has hired Nick Malangone from Goldman Sachs to bolster a team overseeing funds for insurance-company clients.
Citigroup, which pioneered the era of global megabanks before almost collapsing in the financial crisis, just slid behind Wells Fargo to rank as the US’s fourth-biggest bank.