Bank of America has axed three investment bankers from its Brazilian unit and is in the process of eliminating seven from its brokerage in Chile as part of a series of global cuts, according to people with knowledge of the matter.
Virgin Group empire founder Richard Branson is, if nothing else, willing to take risks.
A former shareholder of Promsberbank, a lender whose license was revoked last year, was arrested in Moscow earlier this month as regulators probe trades handled by Deutsche Bank that may have been used to launder money, according to two people with knowledge of the investigation.
If you were wondering where four days of your life went last year, you now have the answer: London traffic jams.
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.
The new head of Prudential’s M&G fund management arm, Anne Richards, has said it is considering shifting more funds to Dublin and Luxembourg after the Brexit vote.
The Bank of England has avoided further embarrassment over its gilt-buying programme by comfortably succeeding in finding investors willing to sell gilts for its post-Brexit economic recovery plan.
The challenge facing UK trade negotiators following the EU referendum has been spelled out by a report from one of the country’s leading thinktanks, showing that membership of the European single market is worth an additional 4% of GDP to the economy.