Investors fear a "black swan" catastrophic event in the financial markets right now more than ever before.
The Securities and Exchange Commission has announced that UBS AG has agreed to pay $19.5m to settle charges that it made false or misleading statements and omissions in offering materials provided to U.S. investors in structured notes linked to a proprietary foreign exchange trading strategy.
Serco, the outsourcing group, has apologised for what the Home Office described as the “totally inappropriate” use of a stretch limousine to transport a group of asylum seekers from London to Manchester.
The U.K. economy might be a bright spot among developed economies amid fears of a renewed global economic slowdown but there is still a long way to go to get it operating at full speed, according to U.K. Chancellor George Osborne.
Here we go again, get ready for another episode of Barclays’ adventures in the heart-stopping world of investment banking.
JPMorgan Chase shares slipped Tuesday after the firm posted revenue that slid from the previous year; it also warned that sluggishness in its trading unit could continue.
Goldman Sachs' actions as an adviser to Malaysia's sovereign wealth fund 1MDB are being examined by U.S. authorities, The Wall Street Journal reports.
Sharp swings in the currency markets have taken their toll on overall global wealth, shrinking it for the first time since the global financial crisis.
The prospect of an American investment banker being appointed to run Barclays has sparked a warning that policymakers should not cave into industry pressure to water down new rules introduced since the 2008 crisis.
Few traders are crowing these days.
Wells Fargo will pay about $397m to acquire a new London headquarters enabling the bank to increase its presence in the U.K. capital, according to two people familiar with the matter who asked not to be named because the details are private.
As hedge fund manager Buford Scott sat at home, watching the TV in shock as it emerged Britain had voted to leave the European Union, his computer-based trading models were quietly boosting his business by 1.5%.
Funds of hedge funds lost more than $100bn in 12 months because of outflows and poor performance, according to a new report.