The big currency swings of the past three months have whipsawed many investors. Wall Street may end up loving the action.
Pacific Investment Management Co. accused American International Group of misleading investors about 'colossal' losing bets on unregulated credit-default swaps and subprime debt before the 2008 financial crisis.
Investors soon could begin trading shares of the first investment vehicle tied to bitcoin.
The body tasked with improving behaviour in the UK’s scandal-hit banking industry has appointed a panel including a bishop, a trade unionist and a human rights campaigner to see the job through.
The U.S. Commodity Futures Trading Commission charged Kraft Foods Group and Mondelez Global with manipulating what futures and cash wheat prices, the agency announced Wednesday.
GoDaddy, the domain name registration and web hosting company, was valued at more than $5bn on Wednesday when its shares soared by 30% on their floatation on the New York stock exchange.
Former executives from BlackRock and Element Capital Management are looking to mix computer programs and traditional money management for their new macro hedge fund.
HSBC needs to do more to clean up the way it does business and overhaul the culture that exists in some of its operations, according to a report for the US authorities.
Standard Chartered has announced further Board changes and several appointments to key leadership roles.
Richard Woolnough of M&G is among the biggest earners in an industry famed for its bloated pay packets. Last year he scooped £17.5m following a bumper year for his bond funds.
Barclays is set to end its search for a new boss for its investment banking division. The bank had earlier sought to find a replacement for Tom King, its former chief executive of the investment division, who retired in February.
Consumers have been the missing link in the U.S. economic recovery and are likely to remain so absent a major change in sentiment.
A Morgan Stanley managing director was charged by police after following and confronting a woman whose car he suspected had recklessly cut him off — four days earlier — on a Connecticut highway, police and the executive's own lawyer said.