Sir Mervyn King warned last night that the global financial crisis is "far from over" and that fundamental changes are needed to the international system before confidence can be regained.
Man Group and the Oxford-Man Institute of Quantitative Finance (OMI) are pleased to announce the extension of Man’s funding of the Institute through to 2018.
Lloyds Banking Group infuriated unions by revealing it had paid 25 staff more than £1m while continuing a redundancy programme that will lead to 45,000 job cuts and offering front-line staff below inflation pay rises.
Goldman Sachs won a huge victory last week.
JPMorgan Chase has clawed back more than $100m in pay from managers responsible for its record trading loss last year and awarded CEO Jamie Dimon less than three of his top lieutenants.
BlackRock plans to exit the business of investing directly in private-equity deals as it focuses on its fund-of-funds business.
Rengan Rajaratnam, the younger brother of imprisoned hedge-fund founder Raj Rajaratnam, was taken into custody by FBI agents Sunday when he arrived at John F. Kennedy International Airport on a flight from Brazil, a person familiar with the matter said.
A day after Cyprus struck an 11th hour bailout deal with international creditors, economists warned of the devastating impact it would have on the Cypriot economy as ordinary Cypriots attempted to come to terms with a new reality.
The Securities and Exchange Commission has approved a plan offered by the Nasdaq OMX to compensate investors for the botched 2012 Facebook initial public offering, sources told CNBC.
In case you missed them, here's last week's top stories.
London’s fund industry is bouncing back, and U.S. billionaires Steven Cohen and Ken Griffin are grabbing a piece of the action.
UBS and a banker-turned-whistle-blower were deemed to have too 'unclean hands' to bring a malicious prosecution lawsuit against a real-estate developer who had accused them of duping him into filing a false tax return.
Allen & Co, the boutique investment bank known for its annual conference in Idaho’s Sun Valley, has hired Bank of America veteran Scott Bacigalupo to expand its stock-trading business, people with knowledge of the matter said.