The black box within Goldman Sachs blew a fuse on Tuesday.
UBS boosted its recommended allocation to hedge funds for the second time in as many years, saying that the strategy will provide stability amid volatile markets.
Goldman Sachs, the worst performer in the Dow Jones Industrial Average this year, climbed Tuesday after blunting a plunge in first-quarter revenue by cutting costs deeper than analysts predicted and vowing to do more if needed.
Wall Street banks' FICC desks took a beating in a volatile market, and it's not clear when things will improve.
The governor of the Bank of England has warned that Britain’s economy could struggle to grow after a decision to quit the European Union.
Scientists in Britain could lose millions of pounds in research funds if the nation leaves the European Union, according to a cross-party group of peers.
Remember last year when China devalued its currency and the market went nuts? Well, so much for that.
Pimco co-founder Bill Gross won access to some of the firm’s internal records he says will show he was forced to resign two years ago so his former colleagues could divvy up his $200m bonus among themselves.
Wall Street would have to come up with billions of dollars in additional capital in a proposed revamp of the Federal Reserve’s annual stress tests that could also scrap some provisions that lenders have criticized.
A post-Brexit Britain could become “highly attractive” to foreign investors put off by conditions inside the European Union, according to the head of Europe’s largest newspaper publisher.