Morgan Stanley Forced Frasers Off Books With $1 Billion Margin Call, Court Told
Morgan Stanley used "unrealistic", "inappropriate" near $1.0B margin call to force trades held by retail tycoon Mike Ashley's Frasers group off books.
'Deeply Sorry': China Hedge Fund Apologises
'Deeply sorry': China hedge fund apologises after trading ban for 'market disruption' in first punishment since Beijing's vow to stem stock rout.
Markets Underestimate Risk of Inflation Re-accelerating, Says PIMCO
Equity and fixed income markets may be too optimistic on how quickly central banks will cut rates and underestimate the risk of an economic downturn.
Citigroup CEO Jane Fraser Gets Pay Bump to $26 Million After a 38% Drop in Profits
Citigroup CEO Fraser got 6% pay bump, a year the bank's profits dropped 38%. Fraser began dramatic restructuring results in estimated 20,000 job cuts.
By the Numbers - Deloitte, Ernst & Young (EY) are Reducing Staff
EY and Deloitte are currently evaluating staff workloads with increased scrutiny and are discreetly reducing their workforce, according to reports.