House prices are running away with themselves, headlines warned until recently. Now property values, even in the most fashionable parts of London, are cooling. Employment is booming, but mainly among the self-employed. Inflation? Well, no one knows where that is heading.
Financial regulators on Friday suspended trading in Cynk, the social networking company with no assets, no revenues and one employee, whose value on the stock market had mysteriously soared to $6bn in a matter of weeks.
The main City regulators have warned former managers of HBOS that they faced possible fines and being banned from the Square Mile after they broadened their investigation into one of Britain's most infamous bank failures.
Wells Fargo posted quarterly earnings that met expectations Friday, while revenue exceeded Wall Street estimates.
The cost of hire has just gone up.
Bank of America has appointed Mayank Saxena as head of its Southeast Asia financial institutions group (FIG), the latest in a spurt of investment bank hires in the financials sector amid a surge of dealmaking in Asia by banks and insurers.
Bank of America’s Merrill Lynch has appointed Akihiko Manaka to lead its mergers and acquisitions advisory business in Japan.
While you might not know their names now, you will. They are five hedge fund stars of the future as identified by Institutional Investor.
The City watchdog warned on Friday that banks and building societies could mislead regulators about the risks they pose to the financial system without tougher rules forcing them to keep more reserves.
· Global DCM activity totals $3.3tril, up 5% compared to YTD 2013
Unilever, the consumer goods group behind Persil and Magnum, has said it will not scale back its UK operations if Britain votes to leave the European Union.
Fears of a British exit from the European Union are adding to the list of concerns causing turbulence on global financial markets, the IMF’s managing director Christine Lagarde said on Saturday.
London has topped a ranking of the world's most innovative cities for the second year in a row, helped by a string of plans to boost the capital city's infrastructure.