Interest rate rises would tip millions of already-precarious households into financial disaster, according to economists, who warn it would cost the average family nearly £3,000 a year in extra mortgage payments if rates returned to levels that were typical before the credit crunch.
Antony Jenkins, the boss of Barclays, warned yesterday that there would be another financial crisis once the current crop of bankers, who bore the scars of 2008, had retired or died. "I don't think we're going to have another crisis like this in the next five years, but we will have another problem when all the people like us … have retired or died."
People will no longer earn more than peers in other industries simply because they work in finance.
Convicted fraudster Bernard Madoff is back in prison after being hospitalized for a heart attack last month, CNBC has learned.
Wall Street is in the biggest transition since the 1933 Glass-Steagall Act, and Morgan Stanley has put a strategy in place that's working, but the full results are not there yet, Chairman and CEO James Gorman said on CNBC's " Squawk Box " on Wednesday from the World Economic Forum in Davos, Switzerland.
Warren Buffett and Dan Gilbert, founder of Quicken Loans, are teaming-up to offer $1 billion for the perfect NCAA March Madness bracket.
Larry Fink has achieved much during his long career on Wall Street, including creating almost from scratch what is the largest and arguably the most successful money management firm in the world of finance, BlackRock.
Bernard Madoff added the son of a 'key' executive to his payroll even though he didn’t work there, a jury was told in the trial of five ex-employees accused of aiding the con man’s $17bn Ponzi scheme.
By day, Chris Solarz analyzes hedge funds for big pensions, endowments and other clients of investment consulting firm Cliffwater. By night - and early mornings and weekends - Solarz is a serial world record setter in tests of extreme endurance.
Left bruised and bloodied in a hospital.
A slowdown in China has sent commodity prices swooning and dealt a blow to global growth. Now a stuttering recovery in the world's second-largest economy could spark the biggest shipping union in years.
The government’s “fixation” on the size of the state is straining vital public services and undermining social stability, according to a report from the TUC, which argues that further cuts could damage the economy.
Jim Slater, who has died aged 86, was so successful for a few years during the 1960s financial bubble that he was nicknamed “the Master” by the financial press.