A few coveted Ferraris helped offset weakness in other models at a classic cars auction at Amelia Island, Florida, at the weekend.
Bank of America has promoted A.J. Murphy to head global capital markets, succeeding Jim Probert, who’s leaving after two years in the job and more than two decades at the firm.
Bank of America’s Merrill Lynch units won a case on appeal to Japan’s highest court against a ruling that they must pay damages to failed consumer lender Takefuji Corp. for their role in a bond transaction.
Employment in the Eurozone climbed at the end of last year as the currency-bloc's moderate economic recovery continued.
Increasingly complicated regulation is bulking out the pay packets of those who keep companies on the straight and narrow, according to research shown exclusively to City A.M., but advances in technology could force a shakeup in what the typical role looks like.
Economists at Morgan Stanley are becoming increasingly worried the global economy is teetering on the brink of recession.
Japan's central bank kept its powder dry at its March policy review on Tuesday, with economists only expecting further stimulus in July as the central bank waits to assess the impact of its uncharted entry into negative interest rates.
Everyone’s very kind, almost apologetically so. Nothing is too much trouble, it seems - after you’ve been given the cheery news that your career is effectively over, that is.
A sign of the times.
Now this might surprise you.
Oil may be a precious and dwindling resource but at the moment, at least, it looks like we just have too much of it.
Banks across Europe have endured a difficult year, and some experts say the effect on U.S. stocks is forthcoming.
UK deal activity could be boosted by the Bank of England’s interest rates cut, mergers and acquisitions (M&A) experts have suggested.