Chancellor George Osborne is getting ready to put a former City banker in charge of selling off the government’s shares in Lloyds Banking Group and the Royal Bank of Scotland (RBS).
2015 was a volatile year for hedge funds. Still, there were some bright spots.
Sad to report.
Technology companies are notorious for favouring impossible job interviews.
Barclays is losing another member of its debt team as Mark Bamford, the head of the firm’s global fixed-income syndicate, is leaving 'to pursue other opportunities', the company said in a internal memo.
Morgan Stanley’s institutional securities unit had $15.9bn in loans and lending commitments related to the energy industry at the end of last year, down 7.6% from the third quarter.
Morgan Stanley has hired Jako van der Walt to lead its investment banking business for South Africa, rejoining the firm he left about 10 years ago, according to a memo obtained by Bloomberg News.
The 13% drop in U.S. stocks from their 2015 highs has not only messed with tens of thousands of working-class 401(k) accounts, but also knocked more than a dozen American executives from the billionaires’ club.
JPMorgan said it faces further investigations into conflicts of interest in the way it sold and used its own investment products.
Robots are automating yet another bank job: the task of sifting through traders’ messages to spot foul play, a process currently carried out by legions of human employees.
Things are looking up for the Brazilian economy - but it won't be due to the Olympic games starting this week, according to a UBS report.
Italy’s biggest bank, UniCredit, has borne the brunt of lingering anxiety about the country’s banking sector, seeing its shares fall sharply following the EU-wide banking health checks.
Stress tests for Europe’s banks are Orwellian doublespeak.