The price of oil jumped 8% at one stage on Thursday after Russian officials said they would discuss production cuts with Saudi Arabia and other Organisation of Petroleum Exporting Countries (Opec) at a meeting next month.
Warren Buffett will be an adviser on the new series of the celebrity version of The Apprentice, and will be joined by some similarly big name stars, though none quite so prolific.
Considering restructuring its investment banking operations in Hong Kong and its fixed-income, currency and commodities division in London.
Frank Quattrone is handing the reins of Qatalyst Group to George Boutros, marking a major leadership change at the top of the Silicon Valley boutique investment bank.
Deutsche Bank boss John Cryan has confirmed that the lender's management board won't get bonus for 2015, after the company posted its first annual loss since 2008.
Icap employee Darrell Read has been found not guilty of fraud, meaning all six brokers accused of helping rig the Libor interest rate have now been cleared of all charges.
Citigroup is the world’s biggest fixed-income dealer, unseating Deutsche Bank from the top spot and edging out rivals Goldman Sachs and JPMorgan, according to a Greenwich Associates survey.
Deutsche Bank, the lender exiting Latin American countries including Argentina and Mexico, is planning to cut about half its employees in Brazil as it moves trading elsewhere, five people with knowledge of the decision said.
Bank of America is trying to steal a march on the latest developments in the technology behind digital currency bitcoin by loading up on blockchain-related patents.
Navinder Singh Sarao, dubbed the Hound of Hounslow by newspapers after his arrest for allegedly manipulating markets, has a few academics on his side as he goes back to court next week.
UBS is set to reduce capital needs by shifting its European wealth-management operations to a single unit which will probably be based in Germany, according to Juerg Zeltner, who oversees the business.
The election of Donald Trump as President of the United States could lead to chaos in markets and increased policy uncertainty that tip the world into recession, according to Citigroup.