The dramatic collapse in the pound overnight is being scrutinised by the Bank of England amid suggestions that a “fat finger” error or computer-generated trade was behind the slide in sterling to a new 31-year low.
JPMorgan's David Kelly says the economy is strong enough to withstand a hike.
Philip Hammond has ruled out a “splurge” in public spending to support the economy in next month’s autumn statement and said that any help to boost demand would be on only small projects that deliver productivity improvements.
The US economy added only 156,000 jobs in September, the US Department of Labor announced on Friday, a figure likely to be seized on as the presidential race enters its final stretch. The unemployment rate was 5%, up from 4.9% in August.
Here's a simple guide that will enable you to calculate your 2016 bonus. It works every time.
'In a word, frightening'.
Deutsche Bank is looking to float its asset management unit to replenish its cash buffers following a predicted multi-billion-dollar settlement with the US government over alleged miss-selling of mortgage-backed securities.
Temasek Holdings, Singapore’s state-owned investment firm, has hired Goldman Sachs’s John Vaske to oversee its push into North America.
Unlike most, UBS CEO Sergio Ermotti does not consider Deutsche Bank to be a serious threat to the stability of European banks.
Federal Reserve bank supervisors cautioned Goldman Sachs over risks in a debt deal it arranged to fund the $4bn buyout of Ultimate Fighting Championship, according to people with knowledge of the matter.
Deutsche Bank told CNBC on Thursday that it has seen outflows, but the prime brokerage business is "still very profitable" for the company.
Whatever Wells Fargo is selling, Congress is not buying it. “Your bank was turned into a school for scoundrels,” New York congresswoman Carolyn Maloney told the chief executive, John Stumpf, at his second grilling in Washington in as many weeks.
The markets are fixated on the possible options for Deutsche Bank as it faces the prospect of a $14bn (£10.5bn) penalty from the US authorities for mis-selling mortgage bonds a decade ago.
Britain's Financial Conduct Authority has proposed stricter rules requiring bankers advising companies on corporate finance to record all telephone calls and electronic communications, in a bid to clamp down on insider trading and other market abuses.
Hedge funds aren't going away but there is a massive shift happening in the industry, explains finanical advisor Josh Brown.
Here are some key points showing how the crisis has accelerated in the last 18 months.
A former BlackRock portfolio manager was charged with insider trading, making him one of the most high-profile individuals prosecuted by the U.K. financial markets regulator.
'Being very tough on the 2016 bonus pool and requiring the forfeiture of unvested shares could be helpful'.
Earlier, a report claimed the Omaha-based billionaire wants "radical transformation" at Wells Fargo.
Deutsche Bank promoted Ashley Wilson to a newly created role overseeing stock trading for Europe, the Middle East and Africa, reshuffling an equities business it’s trying to build as it shrinks in other areas.
Artificial intelligence will be "nearly as momentous" as the advent of the internet, if not as important, said George Lee, co-chairman of the global technology, media and telecom group at Goldman Sachs .
US bank Citigroup would relocate almost 1,000 jobs outside of the UK if the government is unable to secure passporting for financial services.
The lack of transformative mergers and acquisitions in 2016 may be due to increased caution among corporate boards, said a bank executive.