Goldman Sachs has hired 350 investment banking summer interns out of 17,000 applications, claiming it has 'no problem' attracting talent six years after the financial crisis sparked a series of deep cuts to Wall Street jobs and bonuses.
After a decade of investigations, US authorities last September decided to move "as quickly as possible" to fine HSBC on money laundering charges that the Treasury Department concluded were the most "egregious" it had ever seen, according to newly released documents.
The Chinese walls put in place on Wall Street from a decade-old legal settlement, separating investment banking business from analysis, may be crumbling down, a new study suggests.
Preqin’s May edition of Hedge Fund Spotlight reveals over half of industry capital is managed by the top 100 hedge fund managers, ranked by assets under management (AUM).
All the latest Morgan Stanley news this Friday.
All the latest Goldman Sachs news this Friday
All the news on UBS this Friday.
It's important that the Sony board examine activist investor Dan Loeb's proposal to spin off part of the entertainment business and it's premature to speculate on what will happen, CEO Kazuo Hirai told CNBC's "Closing Bell" on Thursday.
The U.K. could post better-than-expected growth numbers over the next three years, with a strong service sector propelling household consumption and business investment, according to business lobby group, the British Chambers of Commerce (BCC).
Depending on your point of view, the financial transactions tax (FTT), details of which are being thrashed out in Brussels, is either a mighty weapon for bringing all-powerful bankers to heel and stabilising Europe's economies in the process – or a pernicious and spiteful attack on legitimate business activities.
A reputation for economic competence can be lost in a day and take a generation to win back. Ask the Conservatives.
The election of Jeremy Corbyn as Labour leader earlier this month unleashed the predictable cries of doom from the centre / right wing of the party, and sneers of over-confidence from the Tories ('20 more years!'). Hell, even the Lib-Dems (remember them ?), see an opportunity to exploit the situation.