KKR & Cohas announced an agreement to acquire Prisma Capital Partners, a leading provider of customized hedge fund solutions.
The opening day of the G20 summit was threatening to deteriorate into a fractious row between eurozone countries and other non-European members of the G20, notably the US, as EU commission president José Manuel Barroso insisted the origins of the eurozone crisis lay in the unorthodox policies of American capitalism.
The Federal Reserve could step in with a new round of Operation Twist this week to bolster the fragile American recovery as Europe's woes continue to rattle the US economy, experts believe.
The lunatics have taken over the asylum.
London bankers are increasingly being banned for life for breaking market abuse rules by a regulator that is trying to burnish its image as a tougher watchdog.
It’s 9 a.m. on a Friday in June, and for a drill at Legg Mason Inc.’s Baltimore headquarters, Greece has quit the euro.
Renaissance Capital, the leading emerging markets investment bank, has hired four Managing Directors for its Equity Products Group (EPG), serving the Firm’s distribution hubs in New York, London and Moscow.
The Financial Services Authority has been accused by a leading campaign group of lobbying on behalf of the City firms which it is supposed to regulate.
The eurozone crisis poses a greater threat to developing economies than the 2008 financial crisis and is already having a negative impact on trade finance and remittances, according to the World Bank.
The eurozone crisis could continue for years, forcing Britain to look outside a stagnant euro area for fresh export markets and economic salvation in the emerging economies, David Cameron has said.
One closely-watched financial analyst has launched a scathing attack on the country's finances and predicted another crisis for its currency.
A Manhattan judge on Tuesday denied a move by Manhattan District Attorney Cy Vance to use an expert witness against former Goldman Sachs computer programmer Sergey Aleynikov.
Bank of America posted a profit, swinging from a surprise loss a year earlier when it took a charge of $6 billion for litigation expenses.