Government attempts to contain the mounting UK steel crisis have been dealt a further blow after Caparo Industries announced 452 job losses.
The plummeting price of oil has ripped into the once booming US energy industry so dramatically that the oil sector has laid off 87,000 people so far this year.
Anshu Jain spent two decades turning Deutsche Bank into a global investment-banking behemoth. Now the lender is cutting its client list in half and pulling out of countries around the world.
Royal Bank of Scotland has said the loss at its investment bank almost doubled as CEO Ross McEwan dismantles the division and scales back trading businesses amid lingering costs for litigation.
Vinay Pande, a partner at Brevan Howard Asset Management, is leaving the hedge fund firm, according to two people familiar with the matter.
Dividend cuts, pay restraint and thousands of job cuts.
Your job may be killing you.
Royal Bank of Scotland faces a a mounting bill for mis-selling and other conduct issues , its new chairman has warned.
Deutsche Bank, among the world’s biggest traders of stocks, found itself on the losing side of the turmoil sparked by Volkswagen’s diesel-cheating scandal.
Credit Suisse has received inquiries from authorities investigating FIFA in Switzerland and the U.S. focusing on its relationship with people named in a May indictment, the bank said in its financial report for the third quarter Friday.
The European Central Bank has fanned fears that London could lose its status as Europe’s financial capital after warning that the Brexit vote might sever the City’s trade relationship with the EU.
Goldman Sachs was one of the big backers of the failed campaign to stay in the EU but some of its bankers might just be relieved the UK voted for Brexit next week.
The London Stock Exchange and Deutsche Börse have insisted their proposed £21bn merger will still go ahead, despite a German politician declaring the tie-up “dead” after the UK voted to leave the European Union.