Here's something clever we picked up from a Fox Business Network interview with Art Laffer, a one-time Ronald Reagan economic advisor.
Bank of America has lost its position as America's biggest bank by assets.
New York - The Bank of New York Mellon Corporation ('BNY Mellon') has reported third quarter net income of $651m, compared with $622m in the third quarter of 2010 and $735m in the second quarter of 2011
Boston - State Street Corporation has announced third-quarter 2011 earnings.
Here is a list of all the winners from 'The Banker's' 2011 Investment Banking Awards.
New York - Morgan Stanley has reported income of $2.2b from continuing operations for the third quarter ended September 30, 2011 compared with income of $314million for the same period a year ago.
Crisis, the UK homeless charity marking its 40th anniversary in 2011, is calling on City businesses to support its most inventive Christmas e-card campaign yet; an e-pantomime, starring popular celebrities including Tara Palmer-Tomkinson, Matthew Kelly, presenter and actor Joe Swash and boy band Blue.
The National Autistic Society (NAS) and Goldman Sachs were last week awarded the Corporate Social Responsibility Project of the Year at the prestigious, annual Charity Times awards 2011.
HSBC cut CEO Stuart Gulliver’s compensation by 5.1% to $12m in 2014 as Europe’s largest bank reported weaker-than-estimated full-year profit.
Bonuses paid out by banks and insurers since the start of the financial crisis are set to top £100bn this year, according to the Robin Hood Tax campaign.
Stuart Gulliver, the HSBC chief executive who has vowed to reform the crisis-hit bank, sheltered millions of pounds in a Swiss account through a Panamanian company and remains tax domiciled in Hong Kong.