London may pride itself on being the world’s top financial centre. However the capital falls short in terms of quality of living, ranking just 39th according to Mercer’s latest annual study.
Key oil industry figures have called on the chancellor to use next month’s budget to prop up the North Sea oil industry after a collapse in investment.
US factories have suffered their worst month for three years, heaping further pressure on the Federal Reserve to hold off from raising interest rates when it meets next month.
The pound tumbled to a seven-year low and the UK was warned its credit rating was at risk on Monday as the effect of Boris Johnson’s backing for the Brexit campaign was felt in financial markets.
Neel Kashkari, the new president of the Federal Reserve Bank of Minneapolis, unveiled a major program to explain to the nation, Congress, and the media why large banks needed to be broken up.
HSBC’s directors should have spent less time pondering a move to Hong Kong and more time ensuring the bank will still have a business in the US in a few years’ time.
A vote to leave the EU in June’s referendum will threaten the UK’s strong credit score, potentially pushing up the cost of government borrowing, the ratings agency Moody’s has warned.
Any deeper cuts could hurt its businesses.
Deutsche Bank is cutting 75 jobs from its fixed income division, split between London and New York.
Forbes says there's a new richest man in the world. But other billionaire counters say nothing has changed.
Citigroup plans to move its Japan headquarters from Tokyo’s Shin-Marunouchi Building to a new location nearby that will bring its brokerage and banking divisions together in the city’s financial district.