Morgan Stanley shareholders backed the bank’s executive-compensation package after the board cut CEO James Gorman’s pay by 7% and deferred bonuses for top managers.
Bloomberg employees are watched very closely. After years of being watched, they thought nothing of watching others, former and current employees reveal.
Job losses and branch closures are looming at the Royal Bank of Scotland, the chairman of the bailed-out bank has warned as shareholders accused the bank of having "cosy" and "unsustainable" pay deals.
The UK government's plans to prevent a second damaging financial crisis were called into question on Tuesday when a group of economists from the International Monetary Fund said the costs of ring-fencing speculative City activities could outweigh the benefits.
Central banks around the world are repeating the mistakes of former Federal Reserve Chairman Alan Greenspan by flooding markets with cheap money, according to Brunel University's Moorad Choudhry.
Running late ? Missed an important meeting ?
BP, Shell and other big oil companies have been raided by European commission officials investigating allegations they "colluded" to rig oil prices.
Sad to report.
The idea of splitting the roles of CEO and chairman at JPMorgan could spur the departure of CEO Jamie Dimon, leading the 'Fast Money ' pros to debate Monday how they'd trade the news.
Almost five years after Lehman Brothers Holdings filed for bankruptcy and set off the global financial crisis, managers of the bank’s estate are demanding millions of dollars from retirement homes, colleges and hospitals.
For the last two years a supersonic car has taken shape in an ordinary-looking unit on an industrial estate near Bristol, a joinery on one side, a plumbers’ merchant on the other.
A former global finance chief at Deutsche Bank said the German markets regulator ruined his reputation after it claimed he and other managers may have turned a blind eye to Libor manipulation.
The stage is set for a legal battle between two branches of France’s most famous banking dynasty after Paris Orleans decided to adopt the name Rothschild.