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Citigroup delivered quarterly earnings that topped analysts' expectations on Thursday, its highest quarterly profit in eight years as restructuring efforts and cost cuts paid off and legal expenses plunged.
Slowly but surely, the demand for initial public offerings of shares in companies new to the US stock market is picking up – at least, if we’re to judge by levels of activity.
Venture capital investments rose to their highest level in nearly 15 years during the second quarter, with the majority of funding going to software and media/entertainment companies, according to a report released Friday.
Britain has been put on alert to expect its first interest rate rise since the global financial crash at around the turn of the year as the governor of the Bank of England, Mark Carney, warned that the long period of 0.5% borrowing costs was coming to an end.
Greek banks will benefit from an extra €900m (£630m) in emergency funding to keep them afloat, the European Central Bank has announced, possibly allowing bank branches to open on Monday.
Burberry has avoided another embarrassing confrontation with shareholders over the multimillion-pound pay package of its chief executive, Christopher Bailey, after investors overwhelmingly backed his remuneration.
Second-quarter earnings at Goldman Sachs have been almost cut in half after the bank set aside $1.45bn (£930m) for legal costs connected with the potential mis-selling of mortgage bonds.
Active fund managers may be having their best year since the financial crisis, but investors don't seem to care.
BlackRock has hired former hedge fund manager Justin Ferrier as a managing director for Asian private credit investment, according to an e-mailed statement.
Morgan Stanley CEO James Gorman on Tuesday stood by his intention to reach a key performance target after facing sharp questions from an analyst about whether he can achieve the goals he laid out.
It's the best job market in years for grads, with employers expected to hire about 5 percent more from the class of 2016 than last year.