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.
Tesco’s new boss Dave Lewis is pulling up to a third of products off its shelves as it calls time on policy that left shoppers baffled by a choice of up to 90,000 products on their weekly shop.
The eurozone has descended further into deflation this month with prices falling 0.6%, the fastest pace for more than five years amid tumbling global oil prices.
Connecticut police say a woman is believed to have killed herself on the property of Ducera Partners' founder Michael Kramer.
Tom Hayes, the former star trader jailed for market rigging, could lose his home after being ordered to repay almost £880,000 ($1.2m), deemed to be the proceeds of the crime.
Credit Suisse merged its global credit and structured finance groups on Wednesday as part of the bank's wider restructuring, according to a market source with knowledge of the situation.