As Wall Street cuts bonuses and raises base salaries instead, banks are looking at layoffs more often to cut costs when profits fall.
In a blow to Wall Street, a federal appeals court today ruled that a website could not be barred from immediately reporting on the stock recommendations of stock analysts.
Faced with weak markets and uncertainty over regulations, many of the biggest Wall Street firms are preparing for deep cuts in jobs and other costs, the NYT reports.
Global regulators are poised to set tighter capital requirements for about 30 of the world’s biggest banks, to ensure the next financial crisis can be contained, the FT reports.
Stocks fluctuated in thin trading Thursday as investors showed skepticism over Greece's ability to resolve their growing debt crisis and ahead of the quadruple witching at the end of the week.
You can say all kinds of nice things about Google’s Chromebook laptop concept. You can say it’s ahead of its time. Or that it’s thinking way, way outside the box. Or that, as failures go, at least this one swung for the fences the New York Times reports.
Stocks traded higher Thursday after a handful of mixed economic news and as investors snapped up beaten-down stocks following a selloff in the previous session over Greece's growing debt worries.
Stocks have given up all of Tuesday's gains midday on more concerns over the Greek debt crisis. While protests over government cutbacks continued in Athens, stocks dropped further as European markets closed and as the Euro weakened.
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Stocks remained higher in the final hour of trading Tuesday amid light volume, ahead of Fed chairman Ben Bernanke's speech on the economic outlook.
Stocks gained Tuesday amid a low-volume session, led by gains in energy, as the dollar declined to a one-month low.
A lot of downward pressure on the dollar is easing off. Here's why — and what you should do.
Looks like Goldman's golden boy Jan Sramek, the youngest candidate ever listed on Financial News' 100 Rising Stars and Goldman's former emerging markets FX trader, has quit and will be starting his own company.
The European Union’s antitrust investigations into derivatives will very likely demonstrate how banks use regulations to stifle competition.
The specter of Lehman Brothers continues to haunt policymakers. Nowhere is its presence more apparent than the euro zone, where twin banking and sovereign debt crises are raging, reports the FT.
The bank could face a shareholder revolt over executive pay later Wednesday; it was warned it will be under scrutiny "for the foreseeable future".
Britain’s banks will argue that they are subject to some of the world’s toughest rules on bonuses and that tougher transparency rules could undermine the UK’s competitiveness. The FT reports.
News that Blackboard has hired Barclays Capital to evaluate “strategic alternatives” after receiving an unsolicited proposal caused its stock to rise by more than 30 percent to all-time highs.
Gold prices have surpassed $1500 an ounce, a key psychological barrier for many market participants, and could be on the way to a new milestone five percent or more higher this year.
European Union "passporting" rules allow banks from across the EU to operate in each other’s markets as "branches," subject to regulations in their home country rather than full-blown subsidiaries that would have to play by UK rules. The FT reports.