LONDON The number of employees earning more than a million euros or pounds at Europe's biggest banks fell sharply last year, another sign of the clout they have lost to U.S. rivals since the financial crisis.
LONDON Barclays became the latest big bank to back off its forecast for the euro to fall below parity with the dollar, saying on Thursday that it now sees the single currency falling to as low as $1.03 this year before gradually recovering.
LONDON Global stock markets this week suffered their biggest shakeout since November's U.S. election amid growing disappointment at President Donald Trump's failure to deliver more details on promised tax cuts, infrastructure spending and financial deregulation.
LONDON, March 22 Global stock markets this week suffered their biggest shakeout since November's U.S. election amid growing disappointment at President Donald Trump's failure to deliver more details on promised tax cuts, infrastructure spending and financial deregulation.
LONDON JP Morgan retained its place atop the global investment banking league table last year, with the top five places now firmly in the hands of U.S. banks, reflecting their domination over struggling European peers, data on Wednesday showed.
LONDON World stocks are their most expensive in 17 years, but bond yields will need to be much higher than they are currently to trigger an equity bear market, a monthly fund manager survey showed on Tuesday.
LONDON World markets baulked on Monday at the G20's decision to drop a decade-old pledge to resist trade protectionism, with stocks, the dollar, oil and the price of many major sovereign bonds all sliding into the red.
LONDON Financial leaders from the world's biggest economies found common ground on foreign exchange at a G20 meeting on Saturday but failed to agree on trade, highlighting a global shift towards protectionism and setting a cautious tone for financial markets next week.
LONDON, March 17 The volume of European government bonds changing hands this year has risen by as much as 86 percent as uncertainty surrounding general elections, Britain's exit from the European Union and euro zone monetary policy has deepened, data on Friday showed.
LONDON One of the biggest mysteries in global markets so far in the Trump era is the historically low level of volatility that has prevailed despite all the turmoil and uncertainty that analysts warned his victory would unleash.