Rising interest rates in advanced economies and a slowdown in emerging markets could combine to cut global growth by as much as 2%, the International Monetary Fund has warned.
Two more banks – UBS and Deutsche Bank – have been drawn in to the controversy over "dark pools", the private trading systems recently highlighted by bestselling author Michael Lewis in his latest book on Wall Street.
Argentina is on the brink of its second debt default since the turn of the century , as hopes fade that last-minute talks will hammer out a deal with vulture fund bondholders.
Big changes ahead.
By as much as 25%.
For traders at Lloyds Banking Group, 'every little helps' when rigging benchmark interest rates, according to transcripts of conversations released by regulators as part of the bank’s settlement.
Tech companies will be slashing more jobs this year than they did last year, according to a report by Challenger, Gray & Christmas.
Doctors have been swearing the Hippocratic Oath since the fifth century BC, where they promise to "do no harm" to their patients.
Staff at British banks could be made to hand back bonuses more than six years after the money has been paid to them under a regime that will amount to the world's toughest rules on clawing back remuneration.
Goldman Sachs denied gender bias in compensation and tolerating a 'boys’ club' atmosphere of excessive drinking and strip-club trips as it sought to quash a bid to unite female associates and vice presidents in a class action for discrimination.
Bank of England boss Mark Carney has accused the G20 of failing to adopt measures to boost global growth as he defended central banks and their power to play a role in stimulating economic growth following attacks from critics who say they have run out of ammunition.
Halliburton announced today it is to slash 5,000 jobs, cutting its workforce by eight per cent, in a bid to withstand the prolonged weak oil market.
Sad to report.