Wall Street’s watchdog will present a plan to its board in July that would require brokers to tell certain clients about compensation they receive when they switch firms, the regulator’s chief said.Wednesday, 22 May, 2013, 11:23am
In Europe, it seems unthinkable that the head of Deutsche Bank would ever become the finance minister of Germany. It is less likely since the financial debacle of 2008 that any British bank boss would become chancellor of the exchequer.15 May 2013 - 4:46am
Asian markets rose on Wednesday after the Dow closed at a record high on renewed optimism over the US economy and European markets soared following the release of impressive German factory orders data.
Tokyo climbed 1.35 per cent by the break, a day after the Nikkei finished at its highest level in almost five years, Seoul gained 0.25 per cent and Sydney increased 0.77 per cent.8 May 2013 - 11:50am
Daniel Tabbush, who for many years was CLSA's head of regional banking research, has published a why-I-quit-the-rat-race book. Titled Quit & Run - My Wake Up Call on Wall Street, the book describes how he got into the finance industry, his thoughts about his work and why he left.28 Mar 2013 - 6:31am 2 comments
Wall Street may seem like its old self again. Financial giants including Goldman Sachs raked in mega profits in 2012; bonuses are expected to fatten more Wall Streeters' pockets than last year; and the Dow Jones Industrial Average has been flirting with an all-time high after topping 14,000 for the first time in half a decade.16 Feb 2013 - 4:29am
From hedge fund manager John Paulson's call for a collapse in Europe to Morgan Stanley's warning that US stocks would decline, Wall Street got little right in its prognosis for the year just ended.5 Jan 2013 - 3:13am
Trading action on Wall Street is likely to retain its tentative edge over the new year, as uncertainty over the United States' financial future and its economy casts a pall over the market.26 Nov 2012 - 9:06am
Wall Street banks are deflating their employees' pay expectations to avoid a replay of last year when cutbacks on bonuses and increased deferrals surprised bankers and traders.14 Nov 2012 - 2:58am
Wall Street executives who lost the bet that Mitt Romney would defeat Barack Obama are bracing for tougher regulation and hoping a deal can be struck with Congress to cut the deficit.9 Nov 2012 - 3:59am
US stock and options markets will be closed on Monday and possibly Tuesday, the exchange operator said, going back on a plan that would have kept electronic trading going on Monday.29 Aug 2013 - 4:13am
President Barack Obama has said the next important step for making the US financial sector safer is to make sure executive pay is less closely tied to risky bets.27 Oct 2012 - 3:47am
Is it time to put the Great Recession behind us?
Not in terms of the economy – which remains bogged down with high unemployment, low growth and other aftershocks – but rather when it comes to demanding a rigorous effort to hold Wall Street bankers, traders and executives accountable for causing the financial crisis.23 Oct 2012 - 4:19am
HSBC started to clear up the Occupy Central protest camp under its headquarters yesterday as a handful of protesters defied a court deadline for them to leave.29 Aug 2012 - 3:14am
It was supposed to be the end of the party, but the music played on.
As the 9pm deadline to move out approached, "Occupy Central" activists turned up the volume and sang and danced in defiance of the court order telling them to vacate the open space under the HSBC headquarters.28 Aug 2012 - 11:26am
American Psycho by Bret Easton Ellis Picador
American Psycho begins about as far from the fashionable world as possible with a quote from Dante's Inferno scrawled in blood red lettering on a wall: 'ABANDON HOPE ALL YE WHO ENTER HERE.'5 Dec 2010 - 12:00am