Private equity firm Terra Firma has joined with the Chinese Development Bank to create a multi-billion dollar renewable energy investment fund. They will start 'raising between $3 and $5 billion in the next few months, with China Development Bank to put an as-yet-undefined amount into the fund'.
The Bank of England could only have staved off the "great recession" of the past five years if it had been given the power to rein in reckless lending by Britain's banks, Sir Mervyn King has said.
A dramatic flight of capital from struggling eurozone countries threatens to shrink bank assets by trillions of dollars, the IMF says in a report.
The UK market for savings and mortgages just got more concentrated.
Sharon Bowles, the Liberal Democrat MEP, has joined the race to succeed Sir Mervyn King as governor of the Bank of England, saying she had applied for the £302,000 a year role after encouragement from "people in London".
Mackie Research Financial Corporation, the parent company of Mackie Research Capital Corporation announces it has signed a letter of intent to acquire NCP Northland Capital Partners Inc, NCP Northland Capital Partners (USA) Inc. and Northland Capital Partners Limited, which together represent Northland's investment dealer businesses operating in Canada, the United States and the United Kingdom, respectively.
Lonely securities trader Larry Greenfield, 47, has plunked down more than $65,000 on high-end matchmaking services — all in the hopes of finding his ideal wife.
The best risk managers are judged by what doesn’t happen to their companies. They don’t have huge trading losses, their executives don’t get investigated for fraud, and the names of their institutions don’t disappear from the Street.
A single mysterious computer program that placed orders — and then subsequently canceled them — made up 4 percent of all quote traffic in the U.S. stock market last week, according to the top tracker of high-frequency trading activity. The motive of the algorithm is still unclear.
Kweku Adoboli booked tens of thousands of real and fake trades during the summer of 2011 that exposed UBS to losses that may have escalated to $12bn within weeks, a bank executive told a London court Tuesday.
Tesco faced a backlash from shareholders over rewards for top executives and low pay for staff at its annual shareholder meeting on Friday, despite reporting better than expected trading.
Eurozone finance ministers and Greece’s creditors are to draw up emergency measures on Saturday to cope with a default by the debt-ridden country unless the Greek prime minister, Alexis Tsipras, accepts the creditors’ terms for a five-month extension of Athens’ bailout.
The first woman to run a Wall Street firm could be a behavioural scientist, a mathematician, or an engineer.