A Bank of England policymaker has admitted he got it wrong when predicting a significant pickup in wages, prompting him to abandon his call for a rise in interest rates.
Sad to report.
Nick Taylor, BNP Paribas’s head of credit trading for central and eastern Europe, the Middle East and Africa, is leaving the bank, according to a person with knowledge of the matter.
When it comes to the lucrative business of advising corporations on buying rivals or selling themselves, it pays to be the leader.
The black box within Goldman Sachs blew a fuse on Tuesday.
UBS boosted its recommended allocation to hedge funds for the second time in as many years, saying that the strategy will provide stability amid volatile markets.
Goldman Sachs, the worst performer in the Dow Jones Industrial Average this year, climbed Tuesday after blunting a plunge in first-quarter revenue by cutting costs deeper than analysts predicted and vowing to do more if needed.
Wall Street banks' FICC desks took a beating in a volatile market, and it's not clear when things will improve.
The accountancy watchdog has dropped an investigation into the former Tesco chief financial officer Laurie McIlwee, nearly two years after an accounting scandal emerged at the supermarket.
Deutsche Bank's boss has given his backing to London as a financial hub, even though he thinks it might end up looking different to what we know now.