A former Morgan Stanley employee, burdened by gambling debts and fearing for his job, killed his wife 'in a fit of rage' last July, London police said after he was sentenced to life in prison Thursday.
But it's not all bad news for the industry, as the 'best' people are still said to be in demand.
But this one is a bit different.
The focus on UK bankers’ bonuses is reaching all the way from Parliament to the shivering masses on the trading floors.
U.K. Prime Minister David Cameron said he will seek to bring down the level of compensation per person at Royal Bank of Scotland, hardening his stance on pay at the state-owned lender.
Morgan Stanley Chairman and CEO James Gorman’s compensation package for last year includes a $5.06m stock bonus that’s almost double his 2012 equity award.
CNBC's Andrew Ross Sorkin Sits Down with Jamie Dimon, JPMorgan Chase Chairman & CEO.
Mathew Martoma's insider trading trial took a surprising turn Thursday afternoon.
European bank stress tests are one of the world's biggest risks going into 2014, Huw van Steenis, head of European financial services research at Morgan Stanley, has told CNBC.
The chairman of the Industrial and Commercial Bank of China (ICBC), the world's largest bank by assets, said Thursday that it would not compensate investors for losses related to a fund product it marketed to them.
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.