Bankers receiving bonuses are to become an even more endangered species at Deutsche Bank after its management board said a quarter of all staff – the majority of them in the investment bank – would not receive an individual award for 2016.
LCH is set to expand its foreign exchange clearing operations to FX options and a broader range of non-deliverable forwards later this year, after clearing volumes on its ForexClear platform jumped more than 10-fold in the past six months.
Former British finance minister George Osborne, who lost his job after Britain’s vote to leave the European Union, will join BlackRock as an adviser next month, the world’s largest asset manager said on Friday.
Bonds of junk-rated pharmacy chain Rite Aid plunged Friday after Bloomberg reported that US antitrust regulators pushed back on the terms of the takeover offer from Walgreens Boots Alliance.
A massive sell-off in high-growth Chinese stocks last week has led to speculation that regulators will tighten control over equity fundraisings after a record 2016.