Royal Bank of Scotland has warned of a “cataclysmic year” for the global economy, triggered by a slowdown in China, as it urged investors to liquidate all assets apart from high-quality bonds.
Bank of England chief Mark Carney has played down fears that the UK's economic recovery has been based on an unsustainable credit boom.
BP is to cut 4,000 jobs in its global exploration and production business over the next two years, including 600 in the North Sea, representing about a fifth of its 3,000-member workforce there.
The U.S. Supreme Court on Monday declined to hear an appeal filed by three former executives of Swiss global investment bank UBS convicted of conspiring to deceive U.S. cities and towns by rigging bids to invest municipal bond proceeds.
Conceived as an emergency exit strategy and incubated under intense pressure, Steve Cohen's second corporate incarnation has developed into a childhood prodigy.
HSBC is likely to stay based in London rather than move its headquarters to Asia, according to Martin Gilbert, chief executive officer of one of the bank’s biggest shareholders.
Deutsche Bank has snapped up an office development in Stratford that will house the new Financial Conduct Authority (FCA) headquarters, in a £370m deal.
Flashing stress alerts not seen since the run up to the Lehman Brothers crisis.
New York Life Insurance’s MainStay Investments has hired Credit Suisse’s John Lloyd as the company works to promote boutique asset-management options for clients.
Businesses are missing out on hiring some of the best candidates by not hiring with flexible working in mind.
It's been a year since the Aug. 24 "mini flash crash," when the Dow sank more than 1,000 points at the open.
Debt is cheap, markets are high and bankers are expecting more big M&A to close out the year.
Dion Hershan, head of Australian equities at Goldman Sachs, is leading a proposed management buyout of the fund manager’s equity and fixed-income business, according to people familiar with the matter.