Pacific Investment Management Co., which manages $1.5tril, hired Gene Frieda as global strategist for emerging markets and Yacov Arnopolin as emerging market portfolio manager.
The US Department of Justice has dropped charges against three former ICAP brokers charged with Libor manipulation offences after they were acquitted in the UK.
Switzerland's banking sector hopes to build a coalition with other international financial centres, including Britain, in order to help with negotiations around access to European Union markets.
The former chief executive of Barings Bank has questioned Tory leadership contender Andrea Leadsom's claims of working at the centre of attempts to halt a financial crisis in the aftermath of the bank's collapse.
Global sovereign wealth funds are waiting to pounce on bargains instead of paring stakes in the U.K. following the Brexit vote, a senior industry expert said Friday.
Six UK banks have been downgraded by Standard & Poor's (S&P) over concerns about risks arising out of the recent vote to leave the EU.
Efforts to appoint more women to the boards of Britain’s biggest companies have stalled, while men still exert a tight grip on key decision-making positions, new data has revealed.
Four ex-Barclays bankers have today been given prison sentences totalling 17 years between them for their roles in the Libor-rigging scandal.
Worse than all the years of the financial crisis.
A federal judge on Wednesday said a former star Lehman Brothers trader was not entitled to an $83m bonus he claimed he was owed following the investment bank's 2008 collapse, on top of a similar sum that Barclays already paid him.
Richard Perry, one of the biggest names in hedge funds, is calling it quits after 28 years.
Bank of America agreed to pay a total of $15.5m in fines to settle charges by U.S. regulators and exchanges that lapses in its Merrill Lynch unit's risk controls disrupted trading in 15 stocks, leading to "mini-flash crashes."
London now has the second most over-valued property market in the world, beaten only by Vancouver in Canada, according to a new “Bubble index” compiled by Swiss bank UBS.