The risk of Britain exiting the European Union is a key concern for Group of Seven finance chiefs amid fears a vote to leave the EU in just over a month could roil international markets.
Now that Federal Reserve Chair Janet Yellen and her colleagues have laid out what conditions could pave the way for an interest-rate increase next month, there are a few crucial dates that could determine whether they’ll take the step.
The European Central Bank should not consider any further easing for now and if further stimulus becomes necessary, it should focus more on unconventional measures rather than rate cuts, Governing Council member Jozef Makuch said on Friday.
The pressure on the banking industry from the raft of unfair dismissal cases continues to ratchet up with two more claims slated for the next two weeks, one a discrimination claim.
One size rarely fits all, especially, as a study out today has discovered, when it comes to bankers’ pay.
Search teams scoured the Mediterranean Sea on Friday, hunting for wreckage of an EgyptAir jet carrying 66 people that disappeared in a crash that Egypt said may have been caused by a terrorist attack.
Deutsche Bank’s shareholders gave their backing to the bank’s managers and supervisors on Thursday night but rejected the executives’ pay packages in a non-binding vote that could put pressure on Germany’s largest bank to further cut bonuses and salaries.
Ryanair has been accused of breaking election law and anti-bribery rules by offering cheap flights to overseas voters who want to back Remain in the EU referendum.
HSBC Holdings Plc plans to shut almost half its branches in India and rely more on digital banking to expand its consumer business in the South Asian nation.
My first impression upon reading about another bank fine is surprise that these two words are not a bigger trending topic in social media. After more than seven years of watching headlines with the words “bank” and “fine,” I suspect readers’ eyes glaze over and move on to the latest, truly disruptive news.
The retirements of two long serving employees has triggered management changes in Citi’s FX sales and treasury business.
Two of China’s largest banks are issuing new local currency debt in the U.S., offering attractive yields for investors willing to take some currency risk.
Financial markets showed signs of stabilizing after being buffetted this week by a surge in expectations for a U.S. interest-rate increase. Global stocks rebounded from a six-week low as oil rallied and the dollar retreated against higher-yielding currencies.
Viewpoint from Andrew Cromie, Global Head of Product Management for Institutional Investors, 360T Group
Deep in gambling debt, the former Dean Foods Co. chairman leaked inside information to legendary sports bettor William “Billy” Walters, who allegedly passed on a lucrative tip to another debt-burdened gambler, golf star Phil Mickelson, authorities said Thursday after a five-year investigation.
Deutsche Bank AG is investigating a series of trades that may have improperly generated millions of dollars in personal profits, some at the bank’s expense, for a handful of current and former employees, according to people familiar with the matter.
Banks would be “pretty much stuffed” and the industry outside the U.S. would suffer if global regulators don’t tone down a proposed revamp of the rules used to determine capital requirements, said Iain Mackay, group finance director of HSBC Holdings Plc.
Wanted: Two economists for a ringside seat at Bank of England policy making.
Applications close Friday for a senior adviser and an economist to work with incoming Monetary Policy Committee member Michael Saunders.