Washington's increasingly heated battle over raising the US debt limit could all but wipe out the country's fragile recovery, economists warned on Friday.
Singapore's initial public offering (IPO) market became the second largest in the world in the third quarter of this year, a report from global accountancy firm Ernst & Young has found.
New Landsbanki, the state-owned Icelandic bank forged in the midst of the 2008 Icesave scandal, has asked for more time to repay a £1.5bn bond that is threatening to destabilise Iceland's recovering economy.
One of the world's largest investment firms believes the financial system is overly leveraged.
Where do you go after a senior position at Merrill Lynch ? How about the restaurant business ?
The head of JPMorgan's audit committee acknowledged on Thursday that the bank had made mistakes and said it has tried to learn from them.
Britain's challenge to European Union rules capping bankers' bonuses is likely to get bogged down in court long beyond their implementation, and critics say it is more about pleasing domestic voters unimpressed by the loss of powers to Brussels.
Mizuho Financial Group’s lending unit was penalized by Japan’s banking regulator for failing to take steps to end more than two years of transactions with 'anti-social' groups.
JPMorgan, the bank that lost almost $2bn during Chrysler Group’s 2009 bankruptcy, is now its chief advisor as the automaker’s two owners haggle over its value.
Former Societe Generale traders led by Jong Beum Kim plan to start a new hedge fund that will employ several strategies seeking to profit from volatility in Asian markets and exploiting mispricing of related securities, according to people with knowledge of the matter.
Even though ICAP is selling a division at the heart of a trading scandal, it’s retaining any future legal liability, according to a person familiar with the matter.
An ex-Deutsche Bank trader seeking a $7.6m bonus should have his 'hopeless' case thrown out before it gets to trial, lawyers for the bank said.