Bloomberg Businessweek's Claire Suddath reports on a possible hangover cure.
Goldman Sachs earned the envy of its rivals last week as the investment bank secured a rare monopoly on the fees tied to a record stock offering by Asia's biggest oil refiner.
Credit Suisse’s fourth-quarter results contain bad news for fixed-income wannabes.
A Standard & Poor’s analyst in 2004 sent an e-mail to executives at the rating company’s structured- finance group. It had lost a job to Moody’s rating a mortgage- backed security because S&P criteria were more demanding, and something had to be done, the analyst allegedly wrote.
Pope Benedict said on Monday he will resign on February 28 because he no longer has the strength to fulfil the duties of his office, becoming the first pontiff since the Middle Ages to take such a step.
There's a lot of nervous people around at the moment.
Bankers’ bonuses should be deferred for as long as 10 years to hold executives accountable for risks, said Robert Jenkins, a member of a Bank of England committee charged with ensuring financial stability.
Two managing directors were among five employees Deutsche Bank suspended in Frankfurt last week over suspected manipulation of interest rates, according to two people with knowledge of the matter.
Trouble-hit Barclays has admitted making an embarrassing gaffe over the reporting of a lifeline investment in the bank that saved it from seeking a government bailout during the financial crisis of 2008.
Royal Bank of Scotland has yet to decide whether the £390m fine for rigging Libor should have an impact on any bonuses for Stephen Hester for this year amid renewed focus on the chief executive's pay.
They seek him here, they seek him there … the former HSBC gaffer, Lord Green of Hurstpierpoint, might be described as the scarlet pimpernel of banking.
The numbers are mind-boggling.
With its shuttered banks, furious public protests and iconoclastic politicians, the plight of Greece, brought to its knees by a crippling debt burden, has been gripping and heartbreaking in equal measure: a full-blown sovereign debt crisis on the doorstep of some of the wealthiest countries in the world.