When Mark Carney put a rocket under the FTSE 100 on Thursday with his pronouncement that interest rates were likely to be cut to tackle the economic fallout from Brexit, there was one sector of the stock market that remained in the doldrums.
It's all happening.
"You're gonna show up to the same office and stare at the same screen next to the same people every day for the rest of your life."
Banking giant Barclays has no plans to move jobs out of the UK following the vote to leave the European Union, chief executive Jes Staley has said.
Deutsche Bank, which runs Europe’s biggest investment bank, may be the biggest contributor to systemic risk among the largest lenders, according to the International Monetary Fund.
Leon Cooperman denied insider trading charges against him and his firm Wednesday, saying he would vigorously defend against the accusations.
Warren Buffett, the biggest investor in Wells Fargo, said it’ll be more than a month before he publicly discusses the bank’s phantom-account scandal.
The Bank of England’s interest rate cut to 0.25% in August should be enough to prevent the economy from slipping into a recession, according to the most hawkish member of the central bank’s interest rate-setting committee.