Billionaire investor Carl Icahn thinks stocks could go down "a lot more" as the market comes to grips with bubbles exacerbated by the Fed's zero interest rate policy.
In the spring of 2011, when the commodities trading giant Glencore was on the verge of floating on the London stock exchange, media outlets received a pointed communiqué from one of the company’s law firms.
Thousands of jobs cuts, business closures and billions in capital raising are all on the cards as the new bosses of three of big banks respond to pressure to devise new strategies to revive them.
The allure of Silicon Valley has been around since the dot-com boom of the 1990’s. Many MBA students have been flocking to startups and technology ever since.
Wall Street firms are amping up their Big Brother powers — hiring high-tech surveillance firms that can track nearly every move their employees make, from social media to the dark Web and even if there is any irregular ATM activity on their bank accounts, The New York Post has learned.
Betrayed, dazed and confused, some call it high treason inside Merrill Lynch.
Citigroup has hired two investment bankers focused on giving advice to retail companies from Credit Suisse, people familiar with the matter said on Friday.
From drinks to energy and pharmaceuticals, corporate Europe has had its fair share of high-profile merger and acquisition (M&A) deals this year. And it's unlikely to end there, according to HSBC.
Currently there are more bosses called Andrew (eight) than there are women (six) in the UK’s top firms
Alleged fraudster Andrew Caspersen's compulsive gambling on put options in the S&P 500 index led to losses and allegedly to a massive fraud.
JPMorgan expects revenue and expenses to remain about unchanged from last year as the bank waits for the benefit of higher interest rates and plows cost savings into investments, Chief Financial Officer Marianne Lake said.
A former UBS equities salesman who sought more than $1m in a lawsuit over his departure will instead have to pay the bank $42,100 because he didn’t work though his notice period.