Some bankers will be wearing big smiles this holiday season - and here's why.
A really big deal.
In the late 1960s, a young attorney at the Securities and Exchange Commission named Roberta Karmel was assigned with a daunting task: telling Lehman Brothers to shut down.
Overhauling the culture of the City requires a generational shift in attitudes akin to that seen for drink-driving in recent years, according to one of the most senior regulators at the Financial Conduct Authority.
Hedge funds are shutting at a rate not seen since the financial crisis, as many managers post disappointing returns and an elite group of firms dominate money raising.
Hackers have targeted the emails of executives in more than 100 companies to steal market-moving information for stock trading, a report revealed.
Alarms went off inside the Federal Reserve: the Fed’s innermost secrets had leaked to Wall Street.
John Lewis has reported the best week of trading in its 150-year history, fuelled by feverish demand for televisions and tablets on Black Friday.
Highland Capital Management blames Credit Suisse for steering it into the refinancing of a real-estate development that cost the debt manager more than $250m when the borrowers defaulted.
Europe’s latest bank stress test was flawed, and dozens of the region’s lenders, including Deutsche Bank and BNP Paribas, aren’t sufficiently capitalized to improve the economy’s anemic growth or withstand a repeat of the 2008 financial crisis.
A group of 40 major banks, including Goldman Sachs and Barclays , have tested a way to trade fixed income assets using the blockchain, the technology that underpins bitcoin, in a move that highlights how serious the world's biggest lenders are about the technology.
The London Stock Exchange said a merger with its Frankfurt rival Deutsche Börse would be “compelling”, as it reported a 31% rise in profits for 2015.
BHS is threatening to close up to half its shops as the cash-strapped retailer tries to negotiate a reduction in rents with its landlords.