UBS’s plan for an unprecedented expansion in China is turning up the heat on Goldman Sachs, the only global securities firm that can fully compete with it on the mainland.
All the those after-hours emails and late finishes are effectively cancelling out your holiday allowance.
The man behind “The Man Who Sold the World” was the first recording artist to go to Wall Street to tap the future earnings of his music, paving the way for a thriving market for esoteric securities backed by everything from racehorse stud rights to commercial washing machines.
A former researcher for GlaxoSmithKline claims his job was snuffed out by the pharmaceuticals giant because he repeatedly raised warnings about alleged mistakes in studies that were used to help sell the company's smoking-reduction products.
Sell (almost) everything, says Andrew Roberts, Royal Bank of Scotland’s credit guru.
The former head of the British Bankers’ Association has repeatedly told MPs she was sorry that she ended up at the lobby group at the time of banking crisis and the Libor rigging scandal.
Royal Bank of Scotland has warned of a “cataclysmic year” for the global economy, triggered by a slowdown in China, as it urged investors to liquidate all assets apart from high-quality bonds.
Bank of England chief Mark Carney has played down fears that the UK's economic recovery has been based on an unsustainable credit boom.
BP is to cut 4,000 jobs in its global exploration and production business over the next two years, including 600 in the North Sea, representing about a fifth of its 3,000-member workforce there.
The U.S. Supreme Court on Monday declined to hear an appeal filed by three former executives of Swiss global investment bank UBS convicted of conspiring to deceive U.S. cities and towns by rigging bids to invest municipal bond proceeds.
Societe Generale on Monday asked for an adjournment to push back the date of a trial in a long-running dispute with Libya's $67bn sovereign wealth fund over a series of trades entered into between 2007 and 2009.
Bank of America's wealth unit is losing financial advisers who cannot meet performance targets because their books of business are too small, Chief Executive Brian Moynihan said on Monday.
"I don't see a chance that this is an independent company in 24 months," Ross Levinsohn said.