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.
Marjorie Strachan is Head of Inclusion at RBS and is responsible for driving the banking group’s diversity agenda. She is the subject of our latest 60 second interview.
Nine disputed trades that Libya's sovereign wealth fund (SWF) entered into with Goldman Sachs were unsuitable by "dint of risk and complexity", according to an expert witness at a trial in London's High Court.
One of the leading money managers in the City of London has said the fallout from Britain’s vote to leave the EU will be “horrible” and that the Square Mile is still “slightly stunned” by the result.
A little after 4.30am Ross McEwan picked up the phone to speak to his colleagues at Royal Bank of Scotland.