The European Central Bank has cut interest rates across the eurozone to zero as it unveiled an unprecedented package of growth-boosting measures against the backdrop of a fragile global economy.
Universities in the UK dominate in the latest ranking of the top institutions across Europe with Oxford and Cambridge leading the way.
Bank of America is hiring a new team of investment bankers who cater to midsized companies, four years after dismantling a similar business, three people familiar with the matter told Reuters.
Bank of America’s head of U.S. equity-research sales, Tim Reilly, has left the firm as it pares jobs across the investment bank this week, according to people with knowledge of the matter.
Foreign banks including HSBC's and Deutsche Bank are pushing back against the Federal Reserve’s proposals on implementing rules designed to end too-big-to-fail, saying they are burdensome and unfair to the U.S. units of the world’s biggest lenders.
Credit Suisse is under investigation in Italy in connection with a case looking into allegations that the bank helped wealthy clients transfer undeclared funds offshore, Italian judicial sources said on Wednesday.
Senior investment bankers Zubaid Ahmad and Brad Coleman will be leading a new group at Citigroup focused on better serving clients that are private equity firms, hedge funds and sovereign wealth funds, according to a memo seen by Reuters on Wednesday.
Businesswoman Sarah Garrett co-founded diversity events and publishing company Square Peg Media and is the driving force behind the British LGBT Awards.
The head of Volkswagen in the US resigned “effective immediately” on Wednesday night as the company struggles to agree on a settlement with the US government over its emissions cheating scandal.
BNP Paribas has hired a senior securitisation banker from JP Morgan to help build out its asset-backed securities business in the US, according to people close to the situation.
Neuberger Berman, the employee-owned money manager run by George Walker, hired three people to help build an operation that oversees $22bn for insurance clients.
Deutsche Bank was fined $12.5m by an industry-backed U.S. regulator for failing to prevent the dissemination of non-public information over an internal speaker system.