Despite an elegant solution that involved no new commitments of resources, the US Congress has refused to take up a long-delayed funding proposal for the International Monetary Fund.
Deutsche Bank and Saint-Etienne, a centuries-old town in France’s Massif Central region, settled a four-year-old 'toxic' loan spat this week. But the town’s woes aren’t over as other banks aren’t playing ball, its mayor said.
Financial market abusers could face a minimum of four years in jail under new plans voted through the European Parliament on Tuesday amid a string of financial scandals.
TD Securities, a unit of Toronto Dominion Bank, will consider applying for London Metal Exchange membership as it expands in industrial metals.
Lloyds Banking Group has suspended one of its foreign exchange traders after an internal investigation into allegations of currency manipulation, a source familiar with the matter said on Tuesday.
Britain is struggling to stay in the "premier league" of countries ranked by the consultants PwC after suffering more grievously than rival nations in the slump of 2008-09.
The number of apprenticeship vacancies in the UK rose sharply at the start of this academic year but employers are failing to keep up with demand, with 12 applications for every position.
Crédit Agricole Corporate and Investment Bank has announced the appointment of Benoit Fosseprez as Head of Americas GIB (Global Investment Banking).
The Financial Conduct Authority is examining possible abuse of London-based market rates on top of its investigations into Libor and foreign exchange pricing, its chief executive has told MPs.
Normalizing performance award levels.
The phrase “currency war” speaks to a seemingly phoney battle between the world’s major trading powers over the price of exports.
The risk of the global economy being battered by a “perfect storm” in 2016 has been highlighted by the World Bank in a flagship report that warns that a synchronised slowdown in the biggest emerging markets could be intensified by a fresh bout of financial turmoil.
The price of a barrel of Brent crude fell below $35 on Wednesday for the first time since 2004, a remarkable event given that the global economy, while plainly not red hot, is several degrees above lukewarm.