The US added only 88,000 new jobs in March, less than half the figure economists had been expecting. The figure is the first since Washington implemented deep spending cuts across the budget at the start of the month.
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Goldman Sachs has said that Stephen Friedman will retire from its board of directors on May 22.
Hundreds of millionaires working in Britain's banks will save an average of almost £54,000 when the top rate of tax is cut this weekend, according to figures compiled by the Labour party.
By Ray Perman
Steve Cohen has been trying to buy Picasso's Le Reve for six years. Two weeks ago it emerged his dream had finally come true.
Worldwide Announced, Jan 1 - Mar 28 2013.
Former MF Global Holdings Chairman and Chief Executive Officer Jon S. Corzine’s risky business strategies and mismanagement helped accelerate the futures brokerage’s demise, according to a report by bankruptcy trustee Louis Freeh.
Banking group HBOS was not driven to point of bankruptcy by the global financial meltdown, but by its own strategy of high-risk lending, over-ambitious growth targets and poor controls, according to a hard-hitting report by the parliamentary commission on banking standards.
The Carlyle Group, one of the top private equity firms on Wall Street, has seen one of its funds sustain hefty losses because of the washout in raw materials, the Wall Street Journal reported late Friday.
Mansoor Mohi-uddin, UBS Group AG’s former global head of foreign-exchange strategy, and Gareth Berry, who worked with him at the Swiss bank, began new roles at two different firms in Singapore Monday.
HSBC said first-half profit at its investment bank dropped 5.6% as legal expenses overshadowed an increase in revenue from foreign exchange and equities.