Could a surge-protection barrier have saved New York City from much of the flood ravages of superstorm Sandy ?
Treasury Secretary Tim Geithner, expected to leave his post after four years, is likely to stay on through what promises to be a bitter battle over the fiscal cliff and until his successor is confirmed, according to people familiar with the situation.
President Barack Obama used the first weekly radio address of his second term Saturday to vow that he would stick to an election promise to raise tax contributions from the richest Americans to tackle the "fiscal cliff".
The Securities and Exchange Commission has charged a Miami-based investment adviser for defrauding his clients by concealing trading losses and diverting investor funds for personal use.
The number of jobs in 'City type financial services' in London will fall below the number in Hong Kong by 2015 according to Cebr, the economics consultancy.
Kweku Adoboli, the former UBS trader on trial over a $2.3bn loss, is being wrongly blamed for the bank’s layoffs and poor reputation, his lawyer said Friday in closing arguments.
Credit Suisse plans to cut 300 jobs as it merges retail and private-banking units in Switzerland, Hans-Ulrich Meister, who heads business in the country, said in a memo.
Barclays CEO Antony Jenkins, almost two years after his predecessor said it was time for banks to stop apologizing, is still grappling with multiplying number of probes by regulators.
Banker bonuses as much as five-times fixed pay would be allowed under compromise European Union proposals on compensation that clash with tougher demands from EU lawmakers.
Given the challenging global economic climate and evolving regulatory regime for banks, Standard Bank Group's Corporate & Investment Banking business (CIB) is continuing to right size its international operations.
Tom Hayes told a London court Monday that he was suicidal and depressed two years ago when he admitted to prosecutors that he was behind a scheme to rig Libor rates.
Sacked Barclays chief executive Antony Jenkins will walk away with about £28m [$43.5m] in cash and shares despite failing to turn around the troubled bank.
A U.S. federal judge on Friday dismissed a lawsuit by former Lehman Brothers employees seeking to hold onetime CEO Richard Fuld liable for their retirement plan losses as the Wall Street bank plunged into its 2008 bankruptcy.