Many employees are fearing the worst, but still hoping for the best as details of latest restructure are unveiled.
Compensation paid to bankers in future must be oriented more toward pay in the real economy, Commerzbank CEO Martin Blessing said on Wednesday.
Nomura has announced the next step in the evolution of its Global Equities franchise, with the business now being organized along three primary segments:
The Bank of England's attempt to support the economy with massive injections of newly created money has failed to achieve its main objectives, according to an independent assessment of the Bank's policy of quantitative easing (QE).
Samsung Electronics, the world's largest mobile and smartphone maker, is being accused of exploiting younger workers and using factories in China where some employees were physically and verbally abused, and forced to work more than 100 hours per month of overtime.
Microsoft chief executive Steve Ballmer took to the stage in New York on Wednesday to help Nokia, the once mighty European mobile phone giant, unveil two new smartphones in a make-or-break bid by both companies to create a hit product capable of taking on Apple and Samsung.
This has got to be one of the most stupid banker firings ever.
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FOX Business Network (FBN) Senior Correspondent Charlie Gasparino reports that Facebook COO Sheryl Sandberg met with BlackRock CEO Larry Fink about company’s stock and improving their image on Wall Street.
President Barack Obama’s estrangement from Wall Street is costing him money in fewer campaign donations even as it is fueling his argument for re- election.
The Bank of England returns to the spotlight this week when it unveils its latest economic forecasts against the backdrop of record low inflation and the prospect of deep government spending cuts.
Note to job seekers (especially younger ones, perhaps): If you're weighing competing job offers from fast-growing start-ups, you might not want to post your thought process in a public forum, especially in language a company CEO might find insulting.
George Osborne could be in line for a quick post-election windfall from a multimillion-pound fine to be imposed on Barclays for rigging foreign exchange markets.