A former associate dean from the Massachusetts Institute of Technology school and his son, a Harvard Business School graduate have been caught running a hedge fund scam, say authorities looking at Bernie Madoff’s Ponzi scheme.
A Goldman Sachs unit is a final bidder for a Tokyo office tower in a deal that could fetch about £1.19bn, said people familiar with the deal, which could be the biggest office property deal in six years.
Federal Reserve Bank of Boston President Eric Rosengren said broker regulation needs a 'major re-examination' to prevent funding shortfalls during a crisis, and New York Fed President William C. Dudley said the wholesale funding system must have greater stability.
The French economy failed to expand during the second quarter of this year after stalling in the first, missing analyst expectations, data from the French national statistics bureau Insee showed.
The London housing market stumbled in July as sales dropped and inquiries fell at their fastest rate since the onset of the credit crisis, in a further sign that the UK property market is cooling.
The government has pulled out of plans to sell shares in Lloyds Banking Group to the public before next year's general election.
You gotta hand it to her.
The message from the Bank of England was clear.
UBS Wealth Americas, the U.S.-based brokerage arm of UBS, is letting go about 75 sales assistants, a spokeswoman at the firm said Tuesday.
HSBC has given 15 of its top bankers “fixed pay allowance arrangements” worth £7.1m under a controversial new pay scheme designed to dodge tough new European Union rules on bankers’ bonuses.
George Osborne has been urged to clarify how banks offset the costs of fines such as PPI mis-selling and other regulatory costs against their corporate tax bill.
Rolls-Royce is poised to cut its dividend payment to shareholders for the first time in almost 25 years, underlining the crisis at the famous engineering group.
The government has appointed Sir Philip Hampton, one of Britain’s most highly regarded bosses, to push for more women in top management jobs at large companies.