Wealth among Asia-Pacific millionaires may top North America’s as soon as next year as Japanese economic growth boosts investor returns in the country, a report by Cap Gemini and Royal Bank of Canada showed.
Faced with a recent decline in revenue from their bond and interest rate trading activities, some banks have already been cooling expectations over their next set of results.
New York Life Insurance has agreed to acquire a Dexia SA unit for $512m as it expands its business of managing money for investors.
Spain’s anti-corruption prosecutor accused 61 PricewaterhouseCoopers partners of committing tax crimes, saying they failed to declare a total of $28.4m in bonus payments.
Another CEO makes a blunder.
The Bank of England has stepped back from taking immediate action to cool the housing market but is closely watching the sector, it said on Wednesday as revealed it was stepping up its assessment of the vulnerability of hedge funds to sudden changes in interest rates.
UBS Chief Financial Officer Tom Naratil said the financial industry needs to continue deleveraging as the size of bank assets hasn’t 'substantially changed' since the global financial crisis.
Settlement talks between the U.S. Justice Department and JPMorgan Chase over mortgage bonds it sold in the run-up to the financial crisis have resumed, but a spokesperson for the U.S. Attorney for the Eastern District of California said there wouldn't be an announcement Tuesday.
Lawyers for the hedge fund SAC Capital and the U.S. Attorney for Manhattan's Southern District last week held their first sit-down meeting since before SAC was indicted on insider trading charges, said someone familiar with the matter - this time to discuss a potential settlement of the case.
The recent history of tech innovation is littered with gadgets that seemed a great idea – on paper, at least.
Worldwide announced small-cap M&A deals valued up to $50 million (including undisclosed value deals) totaled US$104 billion in the first nine months of 2015 – a 3.4% increase year-on-year.
Glencore has announced plans to sell copper mines in Australia and Chile as the embattled commodity trader and miner seeks to reduce its debts.
Barclays has appointed Ben Davey chief strategy officer of the investment bank in London, according to an internal memo seen by Bloomberg, as Britain’s second-largest bank seeks to bolster returns at the unit.