Sterling could fall by 30% and the stock market by 20% if the UK should leave the European Union, according to a stark assessment from an award-winning team of independent economic analysts.
When Janet Yellen sits down with her colleagues on the Federal Reserve’s interest rate-setting committee this week, another slice of her credibility will be on the line.
Financier Guy Hands dramatically abandoned his £1.5bn lawsuit against Citigroup on Friday, nine years after the ill-fated £4.2bn takeover of music group EMI that sparked a long-running legal battle with the American bank.
The Department of Financial Services is requesting information pertaining to the bank's Malaysian 1MDB dealings.
Bank of America CEO Brian Moynihan says employee wellness programs are a good investment.
Tens of thousands of staff at Royal Bank of Scotland have been told to retain a neutral stance on the EU referendum in discussions with customers.
Burberry is losing a key member of its management team after John Smith, chief operating officer, announced plans to step down next year.
Taking some heat away from bankers, fund managers have recently received much heat over their executive pay.
Sad to report
Back on a Friday - by popular demand.
John Stumpf still needs to do more to make reparations, Sen. Elizabeth Warren tweeted on Wednesday.
Shares of Wells Fargo spiked 2 percent in after-hours trade Wednesday, following its announcement that Chairman and CEO John Stumpf will retire.
Wells Fargo’s chief executive and chairman, John Stumpf, is retiring effective immediately from both the bank and the board in the wake of the scandal over its sales practices.