Royal Bank of Scotland is preparing to hand out shares worth an estimated £2.5m to its 10-strong management team.
This week’s 14-year prison sentence for Tom Hayes, the former UBS and Citigroup trader convicted of conspiracy to defraud, was a landmark moment in the cleanup of the City after the financial crisis.
Berkshire Hathaway , the conglomerate owned by billionaire Warren Buffett, is close to a deal that may be its largest acquisition ever, according to a report in Saturday's Wall Street Journal.
The personal data, including bank details, of millions of Carphone Warehouse customers may have been accessed in a “sophisticated cyber-attack”, the retailer has admitted.
Indignant waiters are calling for public support in a battle to hold on to their tips.
Berkshire Hathaway's operating earnings fell 10 percent in its second quarter, hurt by a $38 million loss for its insurance underwriting businesses. That segment generated $411 million in profits during the same period last year.
Daniel Caplan and Simon Kempton, senior figures in Deutsche Bank’s prime finance operation, are leaving the company, according to two people with knowledge of the matter.
UBS shut down a feeder fund that provided wealthy clients access to billionaire investor John Paulson's Advantage fund due to the high cost of operating that portfolio, two sources said last week.
Chief financial Officer of German insurer Allianz said bond fund manager Pimco, which has seen record outflows since star manager Bill Gross departed last year, is still "the strong bond house it used to be", even as outflows continued at a rate of $32 billion in the second quarter of this year.
Federal Reserve chair Janet Yellen had a message for Wall Streeters anxiously wanting to depart for the long weekend on Friday: interest rate hikes are coming.
The pressure on banks to squeeze every possible pound from their businesses has forced some firms to downsize their offices, in some cases requiring staff to share desks to make the most of their space.