It's gonna be a tough few years.
Ouch, that's got to hurt!
Dick Bove, the vice president of equity research at Rafferty Capital Markets, has heaped pressure on Bank of America.
JPMorgan will leave the floor of the London Metal Exchange, the last open outcry trading in Europe, as clients move to electronic trading.
Giacomo Ciampolini, the head of European block trades at Goldman Sachs, is leaving to join Citigroup, according to an internal Citigroup memo.
A former Citigroup foreign exchange trader is to challenge his dismissal at a London court on Tuesday, potentially the first of many such cases in the wake of the currency market rigging scandal.
China is planning a “circuit breaker” mechanism to prevent any further losses on its volatile stock markets.
Whitbread, the owner of Premier Inn hotels and Costa Coffee, said it expected to cut spending and increase some prices to counter the “substantial” cost of the “national living wage”, as it posted slowing second-quarter sales.
More than 2,000 City financiers took home more than £730,000 (€1m) in 2013, according to the EU banking regulator. One was handed more than £13m.
Two more property funds have suspended trading Tuesday as investors pull their money out of UK commercial property.
Gold is one of the few good hedges right now, and that means it is poised to go "much higher," BlackRock's Russ Koesterich said Tuesday.
Incomes for the top U.S. 1 percent have surged since the financial crisis, but are still well below their peak in 2007, according to new data released by the IRS.