There’s definitely good news and bad news for the UK in the latest league tables of global economies drawn up by a leading economic consultancy.
Just in case you missed it: the U.S. economy is back.
Retail experts are predicting the biggest Boxing Day discounts since the collapse of Lehman Brothers in 2008, after the mild autumn weather left fashion chains with piles of unsold winter clothing to clear after Christmas.
Meredith Whitney’s hedge fund is being sued by its biggest investor, a fund connected to billionaire Michael Platt’s BlueCrest Capital Management, as demands to recoup money spill into court, according to people with knowledge of the dispute.
Wells Fargo, HSBC, Bank of New York Mellon and Deutsche Bank were sued by an Irish securities firm that claims the banks failed to protect investors in their role as trustees of securities backed by home loans that defaulted after the 2008 credit crisis.
Deutsche Bank is open to offers for its London-based gold vault following the closure of its physical precious metals business, three sources familiar with the matter said on Wednesday.
For those unafraid to leave things till the very last minute, Christmas is just another day.
The New York Federal Court ordered MF Global to pay $1.21 billion in restitution fees, in addition to a $100 penalty, for its unlawful use of customer funds, the Commodity Futures Trading Commission said Wednesday.
A few billionaire investors have added to their fortunes with big takes in 2014, but others in the hedge fund industry aren't likely to see a fat bonus this year, relatively speaking.
Sad to report.
Foreign banks including HSBC's and Deutsche Bank are pushing back against the Federal Reserve’s proposals on implementing rules designed to end too-big-to-fail, saying they are burdensome and unfair to the U.S. units of the world’s biggest lenders.
Credit Suisse is under investigation in Italy in connection with a case looking into allegations that the bank helped wealthy clients transfer undeclared funds offshore, Italian judicial sources said on Wednesday.
Senior investment bankers Zubaid Ahmad and Brad Coleman will be leading a new group at Citigroup focused on better serving clients that are private equity firms, hedge funds and sovereign wealth funds, according to a memo seen by Reuters on Wednesday.