Sen. Elizabeth Warren's, D-Mass., success in defeating President Barack Obama 's pick for a prominent position in the Treasury Department is symptomatic of Washington's attitude toward would-be wealthy government appointees, Evercore Partners' CEO told CNBC on Friday.
Six hedge fund managers gave their best investment ideas at an exclusive-and private-Morgan Stanley conference. Here are their picks.
Costs to be controlled 'more efficiently'.
Bank of America cut the bonus pool for equities traders and sales staff by as much as 10 percent as the division’s revenue declined last year, said three people with knowledge of the matter.
James Packer’s Sri Lankan casino was always, in every way, a house of cards.
Unconventional central bank policies, including quantitative easing (QE) have failed to spur either inflation or growth as fiscal austerity continues to bite, Nouriel Roubini said in an op-ed for Project Syndicate.
Business confidence has fallen for another quarter as companies become more cautious about their prospects in the year ahead, according to a survey by a leading accountancy body.
Greece and Germany are on a collision course.
BP will on Tuesday unveil plans to slash billions of pounds off its capital spending programme in a bid to counter the impact of plunging oil prices and a 40% fall in its fourth quarter profits.
Labour has launched a stinging attack on the billionaire boss of high street chemist Boots after he accused the opposition party of promoting policies that would lead the country to catastrophe.
Fashion retailer Next has warned that 2016 could be like “walking up the down escalator”, predicting its toughest trading conditions since the financial crisis and cutting its forecast for annual sales.
Bank of America’s Japanese brokerage unit plans to reduce office space in Tokyo to cut expenses, people with knowledge of the matter said.
Credit Suisse CEO Tidjane Thiam dropped a bombshell on investors: Caught off guard by a buildup of illiquid trading positions, the CEO said the bank will probably post a second straight quarterly loss as it unwinds the trades.