Nearly half of Chinese millionaires plan to move out of the country in the next five years-a flight that could add to worries over the country's economy, as more money moves offshore rather than being invested or spent in China.
Lazard Middle Market has announced an expansion of its industrials and energy coverage on Monday, with two senior hires and a new office in Houston.
BNP Paribas Securities Services has announced two senior appointments to its management team in Asia Pacific on Tuesday, highlighting the strong momentum of the bank in the region.
The Carlyle Group has named Michael Hart President of Carlyle GMS Finance.
SYZ Asset Management appoints Michael Clements as Head of European Equities, and Claire Manson who will take over the OYSTER European Mid & Small Cap fund.
Inflation is expected to remain below the Bank of England's 2% target when official figures for August are published on Tuesday.
Six weeks after it began accepting applications for claims related to accidents involving faulty General Motors vehicles, the victim compensation fund has made this determination: There are 19 eligible claims for a person who died in a defective GM vehicle-and that number is likely to go higher.
Phones 4u's founder has blamed the retailer's collapse on its mobile network suppliers and private equity owners, after the chain shut its 550 stores on Monday, leaving more than 5,000 jobs under threat.
Eight companies that have drawn shareholder protests over their bosses' pay for the past two years should open talks with investors to avoid a third year of rebellion, pension funds say.
JP Morgan chief executive Jamie Dimon has bought 500,000 shares in the bank, worth roughly $26.5m, City A.M. understands.
Morgan Stanley will pay $3.2bn to settle federal and state charges that it misled investors in residential mortgage-backed securities during the financial crisis, New York’s attorney general announced on Thursday.
The U.S. is not facing another financial crisis and the stock market's overreaction to fears about the economy could be a value opportunity, John Paulson says.