The Bank of England was warned of the possibility that commercial property funds may be suspended because of the rate of withdrawals prompted by the Brexit vote.
George Osborne has promised American bank bosses that a post-Brexit Britain will “do everything we can to make the UK the most attractive place in the world to do business”.
UBS, the world’s biggest manager of money for rich people, imposed a partial hiring freeze at its wealth-management business as part of efforts to cut costs, said two people with knowledge of the matter.
When U.S. banks post second-quarter results in days, it’ll boil down to this: Bonus cuts are coming for just about everyone this year, says Wall Street recruiter Richard Lipstein. “If you are break-even, it’s an achievement.”
BANKS and financial services companies wishing to relocate their workforce from UK to another European city in the wake of Brexit and a potential loss of passporting rights will face costs as high as £50,000 per employee, according to New York-based consulting firm Synechron.
More than 70 banks and other City firms have agreed to link their bosses’ bonuses to the appointment of women to senior jobs in a push to break with male-dominated executive teams.
Unicorns, privately held companies valued at $1 billion or more, are now receiving the lion's share of venture capital invested, a new report reveals.
U.S. Bancorp catapulted its business selling investment-grade corporate bonds up league tables faster than any major rival since the financial crisis, jumping 49 rungs to rank No. 15 this year. That’s just the start of its aspirations in capital markets.
The FTSE 100 index burst into bull market territory after Theresa May emerged as successor to David Cameron, providing a further boost to surging stocks on both sides of the Atlantic.
Britain’s manufacturers insisted they have a crucial role to play in a post-Brexit world, contributing $247bn (£190bn) a year to the economy and creating well-paid, high-value jobs.
One of the top European bankers at Credit Suisse is quitting the bank to launch his own advisory firm.
Some of UBS' London staff might be feeling one of the bank's new joiners has a very familiar face.