Former Tory treasurer and Icap founder Michael Spencer has sold his online spread betting business to US rival Gain Capital for $118m (£74m), in a deal that will create a company with 235,000 customers in more than 180 countries, with annual tradi
Do you Lean In or would you rather have a Four-Hour Work Week? Is your management style more Facebook founder Mark Zuckerberg or Burberry cool cat Christopher Bailey? Or would you rather just flash the cash like Bob Diamond?
It is a reflection of the economic times that a flat unemployment figure inspires a sense of relief, but today analysts breathed a sigh of relief as EU unemployment remained stable at 11.5 per cent in September.
So much for the softly-softly approach to monetary policy taken by most central banks at the moment.
Russia has hiked interest rates by 1.5 percentage points to 9.5 per cent, in an effort to stave off further slides in the rouble.
Following the US Fed's decision this week to draw its quantitative easing programme to a close, yesterday the Bank of Japan (BoJ) took the opposite stance, announcing plans to vastly expand its monetary easing programme.
RBS shares opened almost 3.5 per cent higher as it reported a huge jump in profits in the third quarter, raising the possibility that the government’s 80 per cent share in the bank could be sold sooner than expected.
US bank Citi revealed a $600m (£375m) legal bill last night, surprising investors with the costs just two weeks after it published its third quarter financial results.
The costs cut its profits for the quarter from $3.4bn to $2.8bn.
BARCLAYS is set to pay £500m to settle claims its traders tried to manipulate foreign exchange benchmarks.
“These are ongoing discussions with certain regulatory agencies,” said finance director Tushar Morzaria.