A former Deutsche Bank trader has been banned from working in the UK's financial services industry following a criminal conviction for fraud in the US.
Moody's cut its outlook for China from "stable" to "negative", citing the country's rising debt burden and uncertainty over the government's ability to implement the much needed economic reforms.
China’s factories have stumbled through last month’s new year celebrations to join a broad decline in manufacturing across Europe and the US, adding further evidence of sharp downturn in the global economy since the beginning of the year.
New Barclays boss Jes Staley received a frosty reception in the City yesterday, as investors rejected his case for slashing dividends, sending the bank’s share price down by more than 10 per cent and wiping £2.3bn off its market value.
Michael Dobson, chief executive of asset manager Schroders, is to announce he is stepping down tomorrow, according to reports.
Luke Thorburn, the only Goldman Sachs employee who donated to Donald Trump’s presidential campaign in the second half of last year, has been placed on administrative leave, according to a person with knowledge of the decision.
Adding equity staff to bolster fee income as negative interest rates weaken lending profitability.
Barclays boosted severance packages for equities employees dismissed in Tokyo last month, adding the equivalent of three months of pay to some of the 80 workers affected who had rebuffed initial offers, people familiar with the matter said.
More than $70bn (£50bn) has been wiped off the wealth of the world’s 20 richest people following a slump on global financial markets, according to the latest annual ranking of billionaires by Forbes.
A U.S. judge ordered Barclays to face a proposed class-action lawsuit in which a California water utility accused the British bank of illegally manipulating electricity prices in the western United States, causing purchasers to overpay.
European banks have pushed back profitability targets so many times, the dates are now more placeholders than deadlines.
The bosses of Britain’s largest public companies earned an average of £5.5m last year, and have enjoyed a 10% pay rise while wages in the rest of the economy lag far behind.
Oil may be a precious and dwindling resource but at the moment, at least, it looks like we just have too much of it.