Pimco CEO Mohamed A. El-Erian has been named chairman of President Barack Obama's Global Development Council, which was created to help boost global development.
Former Italian Prime Minister, Silvio Berlusconi, who is preparing to make a comeback in elections due in February 2013, has hinted at a conspiracy that toppled his government in November last year.
The latest edition of Cebr's World Economic League Table (WELT) for 2013 reveals some interesting moves as the world's richest powers jockey for position.
Fortress Investment Group has announced that Principal and Director Robert Kauffman has elected to retire from the company and its Board of Directors after a 15 year career at the firm.
There is no point in mincing words.
The pledge made by one UBS trader – "I'm a man of my word" – seems a fine sentiment, until the realisation dawns that the promise he is making is to do "one humongous deal" with a broker to help him manipulate the Libor rate.
Among Vikram Pandit’s last jobs as Citigroup’s CEO was to decide the fate of the bank’s hedge-fund unit, which employs some of his oldest colleagues. He agreed to give them most of it for free.
Credit Suisse has hired Ahmed Badr as head of equities for the Middle East and North Africa based in Riyadh as the investment bank shifts operations away from Dubai.
Wall Street has had its fill with the Type-A risk takers who can cost a firm billions after they have made their millions and moved on.
A moral crusade no less!
Banks and other financial companies want the new Conservative government to cut the cost of complying with a swath of new regulation, according to a survey by the Confederation of British Industry.
Five years from its inception, the world’s biggest bailout of a sovereign state will grind to an excruciating halt on Tuesday, theoretically leaving Greece high and dry and on its own under a leftwing government bitterly accusing the EU elite of deliberately using the country as a neo-liberal laboratory.
The international body that represents the world’s central banks has issued a stark warning that an unprecedented period of ultra-low interest rates mask deep weaknesses in the global economy and threaten to be the trigger for the next financial crisis.