After growing 0.3 percent in the first quarter, the U.K. economic recovery gained further strength in the second quarter, according to a survey of businesses released on Tuesday.
Strong U.K. manufacturing and mortgage data signaled an improving British economy, coincidentally on the same day the Bank of England welcomed its new governor, Mark Carney.
Federal Reserve Bank of Richmond/VA President and CEO, Jeffrey Lacker sat down with Bloomberg TV’s chief Washington correspondent and host of “Capitol Gains” Peter Cook and said, 'We could be in for a couple more years of sluggish growth' and that he is 'increasing the balance sheet…not anywhere decreasing it yet'.
A recent survey has revealed that the UK banking industry commits the most amount of volunteering time to charities.
And you think you've had a tough time....
Threats by Barclays to cut back on lending to households and businesses because of a demand by the Bank of England that it should reduce risks have been criticised by a former policymaker of the central bank.
Bank of America has hired John Binnie from Moelis & Co. as vice chairman of its investment banking team that advises financial companies.
Citigroup has announced an agreement with Fannie Mae to resolve potential future repurchase claims for breaches of representations and warranties on 3.7 million residential first mortgage loans sold to Fannie Mae that were originated between 2000 and 2012 ('Covered Loans').
Investors in David Einhorn's Greenlight Capital Management's offshore gold fund were down 11.8% in June, bringing their year-to-date losses in the fund to 20%, two sources close to the matter said on Sunday.
Credit Suisse Group has announced that Joachim Oechslin will succeed Tobias Guldimann as Chief Risk Officer of Credit Suisse Group.
Ivan Glasenberg, the billionaire chief executive of Glencore, is to put up some $210m (£140m) of his own cash as part of a humiliating $10bn programme of fundraising and cuts designed to prepare the company for a “doomsday scenario”.
The days of business leaders and company execs trumpeting their exposure to the world's second largest economy appear to be over.
Fiat Chrysler Automobiles (FCA) has recalled a further 7,810 Jeeps affected by a widely reported bug that allows an attacker to wirelessly seize control of the vehicle.