The oil industry may be getting pinched by falling prices , but the next year could be a busy and lucrative time for private equity firms and restructuring specialists working in energy.
Deutsche Bank CEO Anshu Jain says January has been a better month for the bank's trading businesses.
Royal Bank of Scotland is exiting its corporate loans and debt capital markets business in the Middle East and Africa.
Bill Gates is the latest prominent figure from the technology industry to express concern about the future evolution of artificial intelligence, although he thinks it will be “decades” before super-intelligent machines pose a threat to humans.
So, which CEOs make the most of their jet perks ?
Shell is to make $15bn (£10bn) of spending cuts and has warned Chancellor George Osborne that North Sea operations will remain in the firing line unless he can offer tax cuts.
Shares in Chinese e-commerce company Alibaba crashed on Thursday as the company reported a slide in revenue growth and fended off accusations of trading in fake goods.
Societe Generale is entering the U.S. commercial-mortgage-backed securities market and has hired a team of more than 10 people from Royal Bank of Scotland for the effort.
A federal judge on Wednesday said U.S. investors may pursue a nationwide antitrust lawsuit accusing 12 major banks of rigging prices in the $5.3 trillion-a-day foreign exchange market.
Nomura Holdings Inc. is balking at following 16 other banks in settling a U.S. regulator’s allegations that Wall Street sold flawed mortgage securities during the housing boom, according to two people with knowledge of the matter.
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.