The world’s most famous currency speculator has warned that a vote on Thursday for Britain to leave the EU would trigger a bigger and more damaging fall for sterling than the day he forced Britain out of the Exchange Rate Mechanism almost a quarter of a century ago.
Billionaire fund manage Bill Gross claims he has suffered damages in excess of $200 million from Pimco, his former employer.
A grueling couple of weeks lie ahead for big banks, which will be tested by market volatility as well as regulatory exams.
John Mack, former chairman and CEO of Morgan Stanley, tells CNBC he sees "geopolitical risk" as the biggest threat to global prosperity.
CLSA banking analyst Mike Mayo joined CNBC Monday afternoon, and offered some soothing words for the banks.
Global revenue from initial public offerings (IPOs) has declined by 58 per cent year on year so far in 2016.
Morrisons is facing a potential liability of up to £20m as My Local, the group that bought the Bradford-based group’s convenience store chain, looks at options for the business, including administration.
The pound posted its biggest one-day rise for almost eight years and the FTSE 100 share index jumped 3% on Monday, as traders reacted to an apparent shift in support towards a remain vote in Thursday’s EU referendum.
Nissan is to take legal action against the Vote Leave campaign after the Japanese carmaker’s logo was used on leaflets calling for voters to back Brexit in Thursday’s referendum.
First they took away the smoking room, and I said nothing, because I was not a smoker.
A brief rally in the pound was quickly reversed on Wednesday after the government refused to make tariff-free access to the European Union’s single market a red line in Brexit negotiations with Brussels.
The Federal Reserve’s decision not to increase rates in September was a close call, the minutes released on Wednesday show.
Tim Sloan was elected Wells Fargo's new CEO late Wednesday after former CEO John Stumpf retired.