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.
Saudi Arabia’s potential initial public offering of its state oil company could be the largest ever, a juicy target for any ambitious Wall Street bank. In a country traditionally cold to outsiders, only a few have the experience to win it.
ICBC Standard Bank is buying the lease on Deutsche Bank's London gold and silver vault, enlarging its footprint in the city's bullion market, four industry sources close to the companies said on Friday.
As of Friday, the number of lawsuits accusing Starbucks of deceiving its customers by serving them too much ice or too much foam has fallen by one. Ordering a cold drink means it will be served with ice, according to US district judge Percy Anderson.
Investors took £5.7bn out of UK-based stock market funds last month in the wake of Britain’s vote to leave the European Union, according to latest market figures.
I got fired recently as I breached our firm's drinking policy.