The eight biggest U.S. banks must boost capital levels by a total of about $68bn under new rules, U.S. regulators said on Tuesday, prompting industry complaints that less-stringent global standards will give overseas competitors an advantage.
Hedge fund Coatue Management plans to return more than $2 billion in capital to investors in its flagship fund on June 30 after extreme volatility in technology stocks led to a 9 percent loss in March.
A trial attorney from the Securities and Exchange Commission said his bosses were too 'tentative and fearful' to bring many Wall Street leaders to heel after the 2008 credit crisis, echoing the regulator’s outside critics.
The hiring is part of a broader effort at the family office, which manages company head Steve Cohen's own money alongside that of certain employees and family members
Completed Distressed Debt and Bankruptcy Restructuring activity totaled US$22 billion during the first quarter of 2014, a 6.8% decline from the same period last year.
Looking for something to do in London this weekend? Why not visit the Barbican ...
It’s been a while coming, some 100 hours or so but here’s how we got on with Dark Souls II
Treasury Secretary Jack Lew told CNBC on Wednesday that the U.S. is leading the global economic recovery, despite having "a lot of work to do" by our own country's standards.
A major Internet security bug that affects websites like Google and Facebook has been discovered, leaving users' financial details and emails vulnerable to theft by cybercriminals.
Brendan Rodgers will have the chance to try and add to Liverpool's European Cup collection next season.
Warren Buffett’s Berkshire Hathaway is poised to become one of Goldman Sachs’ largest shareholders without paying anything after the companies agreed on a plan to settle warrants granted at the height of the 2008 financial crisis.
Deutsche Bank may have its credit rating cut by Standard & Poor’s after the lender reduced its reported profit for 2012 amid rising legal costs.
Investment banking - never has it been so difficult to be outside the top division.