Morgan Stanley, the best-performing stock among the largest Wall Street banks since the end of 2012, will rise at a slower pace over the next year as the current price anticipates the firm reaching its profitability goal, said David Konrad, a Macquarie Group analyst.
Billions of pounds were wiped off the value of companies with Scottish links and the pound was pummelled as markets took fright at the increasing prospect of Scotland voting to break away from the United Kingdom next week.
Paul Tudor Jones celebrated his 60th birthday in Greenwich, Connecticut, in the same style of the fundraisers for his charities, with star musicians in live concert.
Royal Bank of Scotland's US arm, Citizens, could be valued at more than $14bn (£8.5bn), the bailed-out bank has indicated, as it pushed the button on the sale of the business.
Banks seeking to circumvent the EU's cap on bonuses for top staff could face further action from European regulators, a senior official has warned.
The pound has slumped to a 10-month low after the yes campaign took the lead in the opinion polls just 10 days before the Scottish independence vote.
The largest ever number of the City's fiercest competitors took to the streets of the capital on Thursday night for the Bloomberg Square Mile Relay - the ultimate corporate relay running race - officially started this year by Olympic legend Michael Johnson.
As hackers pierced JPMorgan's defenses in June, the bank’s cybersecurity chief was just getting acquainted with his employer and its sprawling technology infrastructure.
The Treasury is to clash with the European Union in a last-ditch effort to overturn a draconian cap on bankers’ bonuses, arguing in Europe’s top court that rules limiting rewards are an unjustified intrusion.
Basingstoke-based firm De La Rue has been named as the Bank of England's preferred choice to print plastic banknotes.
The Serious Fraud Office (SFO) has had to postpone the start of its third Libor trial after Barclays, the former employer of those accused, brought new evidence to its attention.
Jailed Libor fraudster Tom Hayes is thought to be considering a new appeal in a bid to overturn his conviction.
Morgan Stanley’s Japanese investment-banking joint venture plans to hire more bankers this year to compete with Nomura Holdings and defend its three-year grip on mergers advice in the country.