Wall Street firms may appear to be offering higher salaries to junior employees, but the increase may not be as generous as it looks.
Hedge fund executives in London saw bonuses plummet last year, resulting in their pay packets being less than half of what they were 12 months ago.
Billionaire Warren Buffett has predicted Bank of America will become a profit powerhouse once it finally resolves legal battles that have sapped funds and distracted managers. Now we’ll find out if he’s right.
Citigroup earned less from running a bank in Japan than its global chief executive officer’s salary last year, helping explain why the U.S. bank is considering selling the consumer business as Abenomics crushes loan returns.
Banking group Standard Chartered is liable to legal action in the United Arab Emirates after it agreed to close some customers' UAE accounts in an anti-money laundering settlement with U.S. regulators, the UAE central bank said on Thursday.
Quantitative easing (QE) programs by central banks under the right conditions will always have a positive outcome for household demand, according to Willem Buiter, chief economist at Citi, who predicts that Japan and the euro zone will soon launch "massive" stimulus packages.
San Francisco Federal Reserve President John Williams said hiking the benchmark interest rate in the summer of 2015 is a "reasonable guess" based on the current economic progress, noting a broad improvement the labor market.
A new generation of bankers are about to get a raise, as firms open wallets to head off defections to investment funds and Silicon Valley.
Bank of America plans to raise salaries for junior staff by at least 20% as Wall Street firms try to discourage defections, a person briefed on the matter said.
With the cost of university education on the rise and the job market seemingly more competitive by the day, it pays (literally) for graduates to pick their profession with care.
A former executive at JPMorgan Chase Bank has been fined nearly £800,000 for failing to be "open and co-operative" with City watchdog the FCA over the so-called London Whale trades.
Interdealer broker Icap saw its share price dip this morning after revealing a five per cent slump in third-quarter revenue.