Losses at Leda Braga’s computer-driven hedge fund this year are running at about twice the level suffered by a macro fund run by billionaire Alan Howard. Yet, while Braga has raised money, investors have pulled billions of dollars from Howard’s fund.
Credit Suisse delivered forecast-beating earnings for its third quarter on Thursday, with the Swiss bank noting positive trends in its operations amid restructuring and cost-cutting.
Société Générale posted a 2.4 percent year-on-year slide in third-quarter net income on Thursday to 1.1 billion euros ($1.2 billion), but managed to deliver a strong beat on analyst consensus which anticipated a 745 million euro figure.
The UK is unlikely to be able to secure passporting rights during Brexit negotiations, a top EU financial lawyer has warned in a report.
Sources told Dow Jones that the SEC has requested documents from the bank in recent weeks.
People who immigrate to the UK do not take jobs from local workers, the former chancellor George Osborne has said.
José Mourinho has accepted two Football Association charges of misconduct and will serve a one-match touchline ban and be fined £58,000.
In a new letter to investors, executives of the hedge fund Elliott Management warned that rapid inflation is their biggest concern in the current environment, adding that such a spike would not only collapse bond prices, but potentially lead to a stock market crash.
Part of a previously announced organisational restructure.
'These are real numbers, they are not calibrated to create either a conservative approach or an alarmist approach'.
The boss of the Institute of Directors will on Monday warn top bosses that the vote for Brexit and the election of Donald Trump will result in greater scrutiny of boardroom behaviour and executive pay.
The Bank of England is pushing ahead with plans for transitional arrangements after Brexit negotiations in an attempt to protect financial institutions from a cliff edge deal that could undermine their stability.
Safe-haven bonds are hitting serious tailwids, Nuveen's Bob Doll explained to CNBC's "On the Money."