Thousands of City workers could see their pay curbed by a new European crackdown on bonuses, it emerged on Wednesday.
JPMorgan named new co-heads for mergers and acquisitions in North America and Europe as the world’s biggest investment bank boosts its regional focus.
UK interest rates have been on hold at an all-time low of 0.5% for six years after Bank of England policymakers voted for no change at their March meeting on Thursday.
Willie Walsh, the boss of British Airways’ parent company IAG, was paid £6.4m in 2014, an increase of almost 30% on the previous year.
HSBC's top two bosses will be held responsible for transforming it into a simpler institution, Bank of England Deputy Governor Andrew Bailey said on Wednesday, as the bank tries to clean up after a Swiss tax scandal.
Royal Bank of Scotland has yet to decide how many jobs it will cut at its investment bank after announcing a major downsizing of the business last week, its CEO Ross McEwan said on earlier this week.
A federal judge dropped Goldman Sachs and JPMorgan Chase from a lawsuit accusing them of conspiring to drive up aluminum prices by keeping supplies artificially low.
Food safety experts and campaigners questioned plans by McDonald’s to stop serving chickens fed and injected with antibiotics at its 14,000 US restaurants on Wednesday and pointed to a similar, failed, pledge from the fast-food giant.
Samsung's smartphones might be losing market share, but the South Korean tech giant is em-barking into a new area - hi-tech, luxury dog kennels.
The Bank of England’s top regulator has told MPs that bosses at HSBC should take personal responsibility for the scandal at its Swiss private bank, saying he had made it clear to the bank for years that it was too unwieldy to manage.
Creating a culture that encourages workers to get more sleep can be a boon to your business, Aetna Chairman and CEO Mark Bertolini tells CNBC.
Royal Bank of Canada hired senior traders from Credit Suisse and Goldman Sachs for its investment-grade sales desk as the firm also realigned its New York credit-research operations.
Credit Suisse, the third-biggest investment bank by revenue last year in Brazil, is cutting nine executives from its fixed-income and structured-products business in the nation amid an industry slump, said two people with knowledge of the matter.