Last week, equity mutual funds saw outflows of $16.3 billion, the greatest outflow since August 2011, according to the Investment Company Institute.
Barclays CEO Jes Staley said his finger isn’t “quivering” above the Brexit relocation button, just hours after a U.K. trade minister said firms will probably lose their passporting rights to sell services across the European Union.
For almost five years, Gregory Furlong worked 50-hour weeks as a shipping clerk at a Best Buy two miles from his childhood home in Wilmington, Delaware. It was a kind of employment purgatory for a computer obsessive who tinkers with motherboards in his free time.
As Deutsche Bank CEO John Cryan explores alternatives to paying its staff bonuses in cash, two of the bank’s creditors have an idea: pay them with a risky type of bond that would be first to take losses if the bank runs into trouble.
Royal Bank of Scotland has been told by a group of private investors that it will be taken to court over a £1.25bn claim related to its 2008 cash call.
Records aplenty fell at UBS this morning after announcing bumper third quarter results that beat expectations, but its share price was more conservative, climbing one per cent in morning trading.
The Royal Bank of Scotland reported an attributable loss of £469m for the third quarter of 2016 having been hit with nearly £900m of litigation and restructuring costs.
The French bank BNP Paribas reported better-than-expected net profit and revenues in the third quarter of this year on Friday, supported by its fixed income unit.
Blackstone Group have posted stronger than expected third quarter earnings as oil prices rebounded.
The taxpayer stake in Lloyds Banking Group has fallen below 9% after Philip Hammond sanctioned a further sale even though the shares are trading below the average paid by the taxpayer during the 2008 bailout.
A former senior Barclays banker claims he was unfairly dismissed after the Serious Fraud Office shared with his employer a 900-page transcript of interviews he gave to criminal investigators probing the bank, a tribunal has heard.
Months before a Credit Suisse wealth management banker was arrested in Geneva on charges of fraud and forgery, the bank considered giving him freer rein to do as he saw fit with client money.
Deutsche Bank is heading for its best annual performance in South Africa after winning a key role on the biggest beer acquisition in history.