The new governor of the Bank of England, Mark Carney, has signalled that Britain's ultra-low interest rates would remain unchanged until well after the 2015 general election as he stressed that only a big fall in unemployment would bring an end to the cheap money of the past four years.
Since splitting from News International in June, fortunes at 21st Century Fox have only gone one way.....up.
UBS will pay almost $50m to settle regulatory claims that a brokerage unit improperly retained millions of dollars of upfront cash it received while acquiring collateral for a financial product.
JP Morgan was sued with Goldman Sachs over claims it restrained aluminum supplies and drove up prices.
Kristin Davis, the former madam and current candidate for New York City comptroller, has been arrested for selling prescription pills, including oxycodone and amphetamine.
The new governor of the Bank of England (BoE), Mark Carney, has announced that the central bank will not raise interest rates until U.K. unemployment hits 7 percent. In July, it stood at 7.8 percent.
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U.S. Attorney General Eric Holder and U.S. Attorney for the Western District of North Carolina Anne M. Tompkins have announced that the United States has filed a civil lawsuit against Bank of America.
A partner at Goldman Sachs in London, James McMurdo will be Deutsche Bank's CEO for Australian and New Zealand business.
The opportunity to portray Steve Jobs in the upcoming biopic about the late tech billionaire's life was both exciting and terrifying, actor Ashton Kutcher told CNBC on Tuesday, because the Apple co-founder was not only a prolific innovator, but a sometimes flawed and complicated person.
Deutsche Bank has benefited from lower funding costs in part because investors confused it with Germany’s central bank, said Stefan Krause, a member of the company’s management board.
Standard Chartered has awarded its new boss Bill Winters £6.7m in shares, the bulk of which is intended to compensate him for quitting the hedge fund he was previously running.
Nomura will forfeit $493m to end a derivatives contract and settle legal claims with Banca Monte dei Paschi di Siena SpA as prosecutors investigate whether a transaction known as Alexandria was used to obscure losses at the Italian bank.