The head of Hong Kong's stock exchange, Charles Li, recommended hiring children and acquaintances of top Chinese officials while he was Chairman at the China unit of J.P. Morgan Chase, according to a Wall Street Journal report.
Stepping into the offices of Robey Warshaw, the Mayfair-based boutique bank advising on the potential blockbuster takeover of SABMiller by Anheuser-Busch InBev, is like going back in time to a world before the rise of the global investment bank.
Typically, in dramas involving a villain who threatens the security of the world’s financial markets, the crook tends to be holed up in a futuristic pile located on some glamorous yet unregulated island.
A dramatic drop in the FTSE 100 index is being investigated by the London Stock Exchange amid speculation that a “fat finger” incident is to blame.
The Barbican cultural centre in London is currently hosting The Colour of Money: a season of films about finance, “from the gold rush to the credit crunch”.
US stock markets closed down almost 2% on Friday following sharp falls across the world due to investors’ renewed concern about the health of the global economy after the US Federal Reserve decided to leave interest rates on hold.
'We decided that an extortionate settlement would have insulted our people and our culture'.
An Idaho ranch owned by ex-Lehman CEO Dick Fuld sold for more than $20 million Thursday, becoming the most expensive property ever sold at auction.
Financial watchdogs from Switzerland and Britain are looking into Credit Suisse's involvement in Mozambique, where heavy undisclosed sovereign borrowing has pushed the country close to default.
The proceeds of a $3 billion bond sale by a troubled Malaysia state wealth fund didn't pass through any Singapore bank, the city-state's central bank said Wednesday.