Unemployment dropped to its lowest rate since 2005 in April, to a level which without the looming Brexit vote would set off interest rate warning bells at the Bank of England.
Marks & Spencer has been criticised for cutting the pay of approximately 10% of its shop-floor workers by removing premiums for working Sundays and antisocial hours and trimming back bank holiday payments.
The US Federal Reserve announced it would notraise interest rates on Wednesday afternoon, blaming uncertainty over the UK’s potential exit from the EU and slowing economic growth for the decision.
Just days after winning an unfair-dismissal claim against Societe Generale, convicted rogue trader Jerome Kerviel is back in court in a clash over his liability for the lender’s record $5.5bn loss eight years ago.
Alleged fraudster Andrew Caspersen's compulsive gambling on put options in the S&P 500 index led to losses and allegedly to a massive fraud.
JPMorgan expects revenue and expenses to remain about unchanged from last year as the bank waits for the benefit of higher interest rates and plows cost savings into investments, Chief Financial Officer Marianne Lake said.
A former UBS equities salesman who sought more than $1m in a lawsuit over his departure will instead have to pay the bank $42,100 because he didn’t work though his notice period.
Sad to report.
Barclays has hired Tim Main to be chairman of its global financial institutions group, as CEO Jes Staley adds another fellow JPMorgan veteran to the bank’s senior ranks.
Betting odds indicate that there is now a 62 per cent probability of a Remain vote in next week's referendum, according to Betfair.
Leaving the EU Single Market and losing passporting rights would be far from a disaster for the City of London, leading analysts at Moody's have found.
Prime Minister Theresa May is to go on a charm offensive with US banks, holding a summit with some of the biggest institutions in a bid to reassure them over potential repercussions of Britain's vote to leave the EU.
The bank’s scandal won’t have meaningful effect on its balance sheet, Baird analysts say.