Bank of America CEO Brian Moynihan said that even if Wall Street reforms were scaled back by politicians, he wouldn’t change how he runs the company, including the extra capital the firm holds.
Managers best be on the lookout.
The U.S. has lost its crown as the country with the most billionaires.
Venture capital investments in American start-ups slowed in the the third quarter of 2015, a study released Friday showed.
NY Federal Reserve Bank of New York President William Dudley said he would favor a rate hike this year if the economy performs in line with forecasts.
The cost of renting office space in the tallest buildings in London has surged almost 11 percent in the last six months, as construction of a number of high-profile skyscrapers have been completed and occupancy rates are at multi-year highs.
Glencore's plan to knock $10.2 billion off its debt pile is achievable, the president of Rusal — the Russian metals producer which has pulled off its own massive debt cut — told CNBC.
'Please kindly note that I will not be able to reply to your e-mail promptly. In fact, I might not have the time to reply to it at all.
HSBC’s London investment banking division is cutting pay by 10 percent and enforcing a two-week unpaid leave for hundreds of workers.
Burberry has blamed a sharp slowdown in sales on a tough market for luxury goods, in particular weaker demand from Chinese customers.
Major banks are preparing for two days of unprecedented uncertainty by stuffing cash machines full of money, placing senior bankers on high alert in emergency war rooms around the City and switching off computer-driven “black box” trading systems to avoid incurring huge losses in violent swings in shares, bonds and currency markets.
Nearly £350bn could be wiped off the value of Britain’s top companies in the event of a vote for the UK to leave the European Union, analysts at UBS have warned.