Beware ageing male hedge fund traders.
JPMorgan said profit fell 7.3% in the fourth quarter, after $2.6bn in settlements linked to Bernard Madoff’s Ponzi scheme as legal costs ended a three-year streak of record annual earnings.
Three former Rabobank traders were charged by the U.S. with engaging in a five-year scheme to manipulate benchmark interest rates as international probes of rate rigging escalate.
RBC Global Asset Management has announced the addition of 10 global equity specialists to its investment management team in London.
Major employers plan to recruit around 1,200 extra U.K. graduates this year, sending recruitment to a seven-year high, according to a report.
John Havens, who stepped down from Citigroup on the same day CEO Vikram Pandit resigned in October 2012, will join the bank’s former hedge-fund arm as non-executive chairman and partner.
Time Warner Cable's board of directors rejected a bid by Charter Communications Monday afternoon. In a statement, Time Warner Cable 's board described the proposal as "grossly inadequate."
Goldman Sachs' Jeffrey Currie gives CNBC his 2014 outlook on commodities such as gold, copper and oil.
Deep pre-Christmas discounting and a slowdown in food price rises will probably have offset energy bill hikes and left inflation relatively benign last month, economists said.
BNP Paribas Securities Services has announced the appointment of Alexandra Ricciardi in New York as head of product development for collateral services, North America.
Lombard Street Research has published a tongue-in-cheek alternative guide to 2016 containing (highly) unrealistic (but amusing) scenarios.
George Osborne has received a second pre-Christmas setback after official figures showing a a stuttering performance by the economy in the months following the general election put the government’s 2015 growth forecast at risk.
Even as the White House has been touting the economic recovery seven years after the 2008 recession, 45% of Americans think that the US economy is “only fair”.