UPDATE: Acting Financial Conduct Authority (FCA) chief executive Tracey McDermott has confirmed that she took her name out of the running to be the regulator's permanent boss in early December.
The Securities and Exchange Commission has announced that J.P. Morgan’s brokerage business agreed to pay $4m to settle charges that it falsely stated on its private banking website and in marketing materials that advisors are compensated “based on our clients’ performance; no one is paid on commission.”
An armed man has been shot dead by police in Paris after trying to enter a police building in the city on the anniversary of the Charlie Hebdo attacks.
Department store Macy's announced Wednesday it will cut thousands of jobs as part of restructuring to trim costs and reverse what it called "disappointing 2015 sales and earnings."
Marks & Spencer chief executive Marc Bolland is leaving the company after yet another period of poor performance.
It seemed like a win-win for fans of the online “brain training” memory game Lumosity – as fun as Candy Crush (almost) but actually good for you: a mind gym to sharpen mental performance and, for older consumers, ward off senility.
The phrase “currency war” speaks to a seemingly phoney battle between the world’s major trading powers over the price of exports.
The risk of the global economy being battered by a “perfect storm” in 2016 has been highlighted by the World Bank in a flagship report that warns that a synchronised slowdown in the biggest emerging markets could be intensified by a fresh bout of financial turmoil.
The UK economy will have to weather a short, sharp shock, with Brexit uncertainty holding back both business investment and consumer spending, according to a leading economic forecasting group.
A sharp fall in housebuilding ahead of the EU referendum dragged down the construction sector in May as firms mothballed projects and delayed new work.
The Bank of England’s chief economist has called for a big package of measures to support the UK’s post-Brexit economy, stressing the need for a prompt and robust response to the uncertainty.