The vote to leave the EU has exposed divisions in society that mean reform of executive pay at big companies is urgently required, according to one of the UK’s top fund managers.
The governor of the Bank of England is to use a speech on Thursday to try to calm fears that Britain’s financial system could experience a heart-stopping shock following last week’s vote to leave the EU.
Leading London-listed shares have recorded their biggest daily rise since October 2011, regaining all their losses and more since the Brexit vote, with nearly £60bn added to the value of Britain’s top 100 companies.
Top of the agenda.
A stormy meeting.
William Dobson, who helped lead U.S. loan trading at Deutsche Bank, has left the company, according to people with knowledge of the matter.
The leading British banker at Goldman Sachs has apologised to MPs after he revealed that the bank was approached by Sir Philip Green about offering a £40m loan to BHS when it was bought by Dominic Chappell.
Deutsche Bank, Barclays and 11 other foreign banks have spent several billion dollars in the past three years complying with a new Federal Reserve rule that will trap capital in the U.S. and boost costs.
Royal Bank of Scotland CEO Ross McEwan has warned staff that Britain's decision to leave the European Union has caused a range of economic uncertainties "in the short, medium and long term", a memo seen by Reuters showed.
'Shark Tank' judge and CEO Robert Herjavec shares a mental trick to gauge your career path.
The Libyan Investment Authority has lost its $1.2bn lawsuit against Goldman Sachs in the high court.
Banks could start making decisions to move assets out of the UK as early as the end of 2017 if there is no deal in place to maintain their rights to sell services freely across the European Union, a leading thinktank has warned.