The City regulator has defended its decision to drop a review into banking culture, and insisted the Treasury did not use its influence to encourage a softer approach towards the industry.
A slump in sales in China has ended five years of growth for Rolls-Royce Motor Cars.
The price of crude oil could tumble to $20 a barrel in the coming months if China’s currency continues to decline against the US dollar, one of Wall Street’s leading investment banks has predicted.
By eight o’clock on a typical Monday morning Jane Foley, senior currency strategist at Rabobank, will have been at her desk for nearly two hours preparing for her clients and keeping an eye on the markets. She will also have had to squeeze in a couple of live interviews, providing expert commentary for broadcasters from Sky to Bloomberg and the BBC.
Firing employees, settling legal disputes and centralizing back-office functions to preserve returns.
The world’s 400 richest people lost almost $194bn last week as world stock markets began the year with a shudder on poor economic data in China and falling oil prices.
UBS will double its staff in China over five years, adding about 600 people as CEO Sergio Ermotti bets a time of volatile markets is as good as any for ramping up operations.
Credit Suisse’s U.K. head Garrett Curran plans to leave the firm to pursue 'outside interests' as the bank overhauls operations to boost profit.
Former Long-Term Capital Management executives have started a firm that will connect Chinese investors with international hedge funds, as turmoil in the world’s second-largest equities market spurs demand for overseas assets.
London's economic growth is outpacing the rest of the UK, according to new survey figures published this morning.
Michael Coscia, the first person convicted of spoofing after it was made a crime under the Dodd-Frank Act, was sentenced to less than half the prison time sought by federal prosecutors.
A former JPMorgan Chase trader involved in the London Whale case was improperly identified by the U.K. regulator in its penalty notice over the scandal, a court ruled.