Three of the U.K.’s highest-grossing law firms raised salaries for London lawyers, who can earn as much as £65,000 ($99,000) in their first year after qualifying to practice.
A day after a crucial deadline for investor withdrawals, traders and money managers are still waiting for details on exactly how much capital the $15 billion hedge fund has lost.
HSBC ignored a law designed to protect struggling homeowners and in doing so put them at greater risk of losing their homes, according to a lawsuit filed against the British bank by the state of New York on Tuesday.
Dame Clara Furse says her time as a director of Fortis during its state-sponsored bail-out "sensitised me to all kinds of extreme risks".
It's time to keep your head down.
Exit stage left.
Frustrated by their inability to stop sophisticated hacking attacks or use the law to punish their assailants, an increasing number of U.S. businesses are taking retaliatory action.
Goldman Sachs has become the latest investment bank to recruit a CERN researcher, highlighting a trend of career moves from physics to finance.
UBS's private banking head hit back against a shareholder's call to hive off the investment bank, saying the units work together to serve wealthy private clients.
To IT, or not to IT.
The new head of Barclays' Swiss unit is pushing private bankers in Geneva and Zurich to double client assets in four years as international competitors exit the world’s largest hub for offshore wealth.
Pine River Capital Management, the $15.5bn hedge fund firm, hired former Deutsche Bank credit trader Joshua Wilkes to expand its municipal debt business, according to a person with knowledge of the matter.
On day one the stock market fell by 13%. On day two it fell by a further 12%.