Regulation, anaemic economic growth and technology changes will force banks across Europe to find more savings in 2016, with jobs likely to be the biggest casualty, according to investors and analysts.
Tom Hayes, the former UBS and Citigroup trader found guilty of manipulating Libor, had his sentence cut to 11 years by a London appeals court.
The Serious Fraud office said on Monday it would next month charge 11 individuals accused of rigging the Euribor interest benchmark with conspiracy to defraud.
Some of the largest shareholders in Royal Dutch Shell, the giant petroleum and energy group, are expected to publicly back the company’s $53bn (£35bn) takeover of BG amid concern the deal could be sabotaged by those who want it scrapped.
The price of oil has fallen to its lowest level in 11 years as commodity markets responded to signs that the global glut of oil will deepen in 2016.
Barclays’s $150m fine has inspired the chief of one foreign-exchange platform to change its rule book, a sign of how regulatory action is reshaping the world’s biggest market.
House prices in some parts of the UK could increase by as much as 8% in 2016 as the recovery that has taken hold in London ripples out across the country.
Martin Shkreli said federal prosecutors targeted him because of a drug price hike and Internet antics.
Goldman looks for people who can adapt and step out of their comfort zone.
Equities, back and middle office.
Elon Musk is the most admired business leader among top MBA students, according to a Poets&Quants survey.
Five U.S. investment banks promised British finance minister George Osborne on Thursday that they would try to help London keep its top spot as a financial center, but gave no commitment on jobs following Britain's vote to leave the European Union.
Pacific Investment Management Co., which manages $1.5tril, hired Gene Frieda as global strategist for emerging markets and Yacov Arnopolin as emerging market portfolio manager.