Central Hong Kong's streets were emptied as Typhoon Nesat swept gale-force winds and rain into the city.
Wall Street is bracing for one of its worst bonus years in recent history with compensation levels for bankers and traders falling least 20% from last year, the FOX Business Network has learned.
Christopher Flowers, founder of private-equity firm JC Flowers & Co., talks about the European financial crisis and its impact on his strategy.
Henry Kravis, co-founder of KKR & Co., talks about the cost of capital for leveraged buyouts, the private equity industry and KKR's business strategy.
Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., criticized Bank of Canada Governor Mark Carney on the subject of the new Basel III capital rules, saying many of them discriminated against U.S. banks and he would continue to describe them as 'anti-American', the Financial Times reported.
Ralph Silva, an analyst at Silva Research Network, talks about the exit of Chief Executive Officer Oswald Gruebel from UBS AG after revealing a $2.3 billion loss from unauthorized trading less than two weeks ago.
Ilana Weinstein, founder and chief executive officer of IDW Group, talks about the leadership change at UBS AG and outlook for the investment banking industry.
Wonder no more. Thinkmodo, a viral marketing company, have the answer.
FOX Business Network (FBN) Senior Correspondent Charlie Gasparino reports that Morgan Stanley CEO James Gorman took the 'unusual step yesterday of calling analysts to quash an ugly rumor' and 'ordered his traders to buy the firm’s own debt in the market to underscore the firm’s financial strength'.
John Woods, chief Asian strategist at Citigroup Inc.'s private bank, talks about the outlook for equity markets where he has been underweight for the past six to nine months.