Corporate defaults could be about to rise, according to Deutsche Bank (DB)’s closely watched annual default study, launched this morning.
Blackstone Group, the asset manager run by Stephen Schwarzman, will shutter a mutual fund that allocates money to hedge fund managers as the vehicle’s main backer, Fidelity Investments, is pulling out.
I knew it was getting pretty boring sitting at the old desk twiddly my thumbs, but I never imagined that financial services would boast one of the highest levels of non-productivity in the land.
Since my career in the financial markets went belly up, I've been keeping a relatively low profile.
Barclays is denying claims that the bank's senior staff want employees to boost morale with a friendship survey.
Goldman Sachs defended its strategy of waiting out the downturn in fixed-income markets, issuing a preemptive strike ahead of first-quarter earnings against those who argue that revenue from the business doesn’t justify the investment.
Britain’s competition regulator has called on the European commission to block the owner of Three’s £10bn acquisition of O2 or force the combined mobile phone operator to break itself up to protect consumers.
Andrea Orcel, head of UBS’s securities unit, said tougher financial regulation and negative interest rates are sapping global confidence as investors question investment banks’ ability to earn money.
One in four people in the UK will experience a mental health problem in any given year, the most common being anxiety and depression.
Singapore’s private banks are coming under scrutiny for earning bonuses by selling risky debt, as the city sees an unprecedented wave of defaults. The central bank says an industry group is reviewing the practice.
Hong Kong’s securities regulator fined a Morgan Stanley unit $2.4m over internal control failures.
If the radical change in other sectors are any indication, then it won't be long before computers completely take over from the manual system of trading.