A million more young people could have to live with their parents over the next decade to save enough for a deposit to buy their own home.
A strong warning that austerity policies can do more harm than good has been delivered by economists from the International Monetary Fund, in a critique of the neoliberal doctrine that has dominated economics for the past three decades.
Federal Reserve chair Janet Yellen had a message for Wall Streeters anxiously wanting to depart for the long weekend on Friday: interest rate hikes are coming.
The pressure on banks to squeeze every possible pound from their businesses has forced some firms to downsize their offices, in some cases requiring staff to share desks to make the most of their space.
A pilot program will commence later this year.
Garret Jankowski, a former loans trader at Credit Suisse, joined broker-dealer Bay Crest Partners this month.
Credit Suisse sold $222m of bonds designed to offload potential losses on events like rogue trading, with some investors sidestepping the issue because of the incalculable risk.
Barclays fostered a culture where traders faced "significant consequences," including firings, if they didn’t follow instructions of bosses, according to a former trader at the bank on trial for rigging Libor.
Hillary Clinton has been Wall Street's presidential candidate so far by a large margin, but she is about to face some competition.
Deutsche Bank is nearing an agreement with the U.S. Department of Justice to settle a long-running investigation into the sale of residential mortgage-backed securities, Manager Magazin reported.
A behind-the-scenes look at hedge fund Renaissance Technologies, whose network of affiliated people has given $37 million this election cycle.
In the wake of the $190 million Wells Fargo settlement over customer fraud charges, there's an increasing need for "individual culpability" for banking infractions, Federal Reserve Governor Daniel Tarullo told CNBC on Friday.