Interest rates in the US have been close to zero since the depths of the financial crisis but global investors are braced for change, as the country’s central bank prepares to raise borrowing costs.
The embattled commodity trader Glencore launched its $2.5bn (£1.6bn) fundraising effort on Tuesday night, in a move aimed at shoring up its strained finances as swiftly as possible.
The co-founder and CEO of privately held sandwich chain Subway, Fred DeLuca, died at 67 on Monday, the company confirmed Tuesday.
Some aren't taking it lying down.
I was in Paris between meetings and had had just enough time to gulp a salad and a mediocre glass of Bordeaux before crossing the city by metro.
Tom Hayes, the first person to be found guilty by a British jury of rigging Libor rates, has begun an appeal against his conviction and prison sentence.
Diana Cesar was named HSBC’s chief executive for Hong Kong after 15 years with the bank, including her most recent role, as head of retail banking and wealth management in the city.
Credit Suisse will pay more than $80m to settle state and federal authorities’ allegations that it didn’t fully disclose to its clients how it operated its dark pool, according to a person familiar with the matter.
A judge in Manhattan asked French authorities to order the former JPMorgan trader known as the 'London Whale' to testify in a lawsuit accusing the bank of misleading investors about its high-risk trading and losses.
The Securities and Exchange Commission has announced that Ukrainian-based Jaspen Capital Partners Limited and CEO Andriy Supranonok have agreed to pay $30m to settle allegations they profited from trading on non-public corporate information hacked from newswire services.
Elon Musk is the most admired business leader among top MBA students, according to a Poets&Quants survey.
Five U.S. investment banks promised British finance minister George Osborne on Thursday that they would try to help London keep its top spot as a financial center, but gave no commitment on jobs following Britain's vote to leave the European Union.
Pacific Investment Management Co., which manages $1.5tril, hired Gene Frieda as global strategist for emerging markets and Yacov Arnopolin as emerging market portfolio manager.