Jefferies Group, the investment bank run by Richard Handler, said fixed-income revenue dropped 56% to $126m in the first quarter amid fewer high-yield bond offerings.
A single bad currency bet has caused Everest Capital, one of the largest private investors in emerging markets, to collapse.
Elton John has called for a boycott of the designer label Dolce and Gabbana in a row over children born through in-vitro fertilization treatment.
Standard Chartered’s departing chief executive, Peter Sands, was paid $5.1m (£3.5m) last year despite opting not to take a bonus under the bank’s long-term share plan because of its poor financial performance.
A hedge fund manager who warned about the last financial crisis is seeing parallels of that run-up in the market today.
Former Pimco co-CEO Mohamed El-Erian predicts the Fed will remove the word "patient" from its policy statement, but could open up another can of worms.
Members of a group fighting for $15 hourly wages have filed complaints against McDonald's alleging work conditions there are hazardous.
You’ll be plenty wealthy.
Working far longer hours to bring home a fraction of previous pay.
'A drastic shrinking of its investment banking operations'.