9 h. ago Financial advisors flogged a £400 million Caribbean property scam to pensioners 'like The Wolf of Wall Street'

Alan, 82, invested £100,000 and received no compensation. He told the podcast how he now 'struggles to make ends meet'.

Economics

11 h. ago The £99million Queen of Wall Street: British banker Jane Fraser handed bumper bonus as she becomes chairman of Citigroup

A British banker dubbed the Queen of Wall Street has landed a near-£19million bonus after tightening her grip on Citigroup.

Economics

27 h. ago Tesla reports steep drop in profits despite US rush to buy electric vehicles

Carmaker exceeded Wall Street’s expectations with more than $26bn in revenue, but saw a 37% drop in profitsDespite record vehicle sales, Tesla saw a precipitous drop in profit in its most recent quarter.A rush to buy electric vehicles before a US tax credit for them disappears had boosted Tesla’s flagging sales, leading to the automaker exceeding some of Wall Street’s projections in its most recent financial quarter. Yet the company failed to meet earnings expectations and its stock fell in after hours trading. Continue reading...

Economics

28 h. ago Citi board names Jane Fraser as chair and awards her $25mn bonus

Roles of board leader and CEO will be reunited in move to underscore her leadership amid radical overhaul

Events

3 d. ago Wall Street inches higher in premarket as worries over the U.S.

Wall Street pointed toward gains before the open Monday, overcoming worries over bank lending and the trade war with China

Politics

3 d. ago “I'm a banker in London. Too few British people do this job"

“I'm a banker in London. Too few British people do this job"  eFinancialCareers

Politics

4 d. ago ‘Disorder, fright and confusion’: looking back at the devastating Wall Street crash of 1929

Andrew Ross Sorkin’s new book 1929 takes readers back to the crash that changed the US and looks at what we can learn from it todayAndrew Ross Sorkin’s first book, Too Big to Fail, was a bestseller about the financial crisis of 2008, published the following year. His second, 1929, out this week, takes readers “Inside the Greatest Crash in Wall Street History – and How it Shattered a Nation”.It’s been 16 years between books, but Sorkin hasn’t been idle. A columnist for the New York Times, he founded its DealBook newsletter and summit; he’s a Squawk Box co-anchor for CNBC; and after Too Big to Fail was filmed by HBO, he co-created Billions, a huge hit for Showtime starring Damian Lewis and Paul Giamatti. Continue reading...

Events

5 d. ago Blackstone says Wall Street is complacent about AI disruption

Jonathan Gray says private capital group has put risks from the technology ‘top of our list’ when evaluating deals

Politics

5 d. ago Country diary: Racing peregrines among the rusting mills | Richard Smyth

Manningham, Bradford: Twenty-six years after this great industrial hub closed down, it still has resonances with the community via its thrilling wildlifeA peregrine comes bombing down from the ornamented parapet of the 76-metre mill chimney Lister’s Pride, and a hundred pigeons scatter. I’m on Patent Street, Bradford, by the west wall of what was once the biggest silk mill in Europe, called Lister’s Mill, or sometimes Manningham Mills. It was thrown up in the 1870s by Samuel Cunliffe Lister, and for more than a century was one of the great industrial palaces of the north. Since shutting in 1999, about half has been restored as offices and high-end flats; the other half is derelict. Forests of buddleia cover the concrete floors, and fox trails wind through the weeds.Peer through steel grilles into the basements, and see hart’s-tongue ferns as thick and green as cabbages in a vegetable patch. Rust is everywhere (what John Ruskin called “living” iron: “It is not a fault in the iron, bu...

Politics

6 d. ago The hunt for 'UK's Wolf of Wall Street': Unsolved murder, £64m scam, and fugitive son

£64m fraudster Anthony Constantinou is at the centre of an international police manhunt and is suspected of faking his own death in Mexico

Economics

6 d. ago Nearly £11bn wiped off UK banks after US regional banking fears spooked markets – business live

European stock markets have fallen after two US regional lenders disclosed on Thursday that they were exposed to alleged fraud by borrowersGlobal markets fall and gold hits record high amid jitters over US banksUS regional bank stocks fall amid Wall Street concern over credit marketsStorm clouds are gathering over the financial markets, warns Richard Hunter, head of markets at interactive investor:There are increasing signs of storm clouds gathering over markets, with little relief from the building wall of worry.Already grappling with stretched stock valuations in the AI space, an unresolved government shutdown and a deteriorating relationship between Beijing and Washington, investors were exposed to a new source of concern in the form of lending practices and bad loans for US regional banks. Continue reading...

Economics

6 d. ago FTSE 100 slides as US regional bank worries rock markets – business live

Fear index jumps, and European markets follow Asia lower, as bad loan fears hit valuationsGlobal markets fall and gold hits record high amid jitters over US banksUS regional bank stocks fall amid Wall Street concern over credit marketsStorm clouds are gathering over the financial markets, warns Richard Hunter, head of markets at interactive investor:There are increasing signs of storm clouds gathering over markets, with little relief from the building wall of worry.Already grappling with stretched stock valuations in the AI space, an unresolved government shutdown and a deteriorating relationship between Beijing and Washington, investors were exposed to a new source of concern in the form of lending practices and bad loans for US regional banks. Continue reading...

Economics

6 d. ago European and Asian shares slide as Wall Street ‘fear index’ spikes

US stock futures recover after Donald Trump appears to suggest that heightened tariffs on Chinese imports may not last

Politics

6 d. ago FTSE 100 heading for worst day since April as US regional bank worries rock markets – business live

Rolling coverage of the latest economic and financial news, as FTSE 100 share index sheds 150 points in early tradingUS regional bank stocks fall amid Wall Street concern over credit marketsStorm clouds are gathering over the financial markets, warns Richard Hunter, head of markets at interactive investor:There are increasing signs of storm clouds gathering over markets, with little relief from the building wall of worry.Already grappling with stretched stock valuations in the AI space, an unresolved government shutdown and a deteriorating relationship between Beijing and Washington, investors were exposed to a new source of concern in the form of lending practices and bad loans for US regional banks. Continue reading...

Economics

6 d. ago FTSE 100 Live 17 October: Banks drive big index fall, gold continues record run

The FTSE 100 index has fallen by more than 1% as London traders track Wall Street weakness and selling in Asia.

Politics

7 d. ago US regional bank stocks fall amid Wall Street concern over credit markets

Zions and Western Alliance reveal problems with bad loans as scrutiny of regional banks’ lending practices increasesUS regional banking stocks fell sharply on Thursday after two banks disclosed issues with bad and fraudulent loans, amplifying concerns on Wall Street around the state of credit markets.Zions Bancorp announced it had a $50m charge-off over two bad loans from its subsidiary, California Bank & Trust in San Diego. Western Alliance also said it was dealing with a fraudulent borrower. Continue reading...

Economics

7 d. ago Asian shares are mostly higher after Wall St ends an erratic day with gains

Most Asian stock indexes are higher, tracking gains after a turbulent session on Wall Street

Politics

1 week ago Global financial system susceptible to shocks, Bailey warns G20

Andrew Bailey, chairman of the Financial Stability Board, the fiscal risk watchdog for the G20, urged greater multilateral co-operation.

Events

1 week ago Strava plots Wall Street debut as running boom boosts fitness app

CEO Michael Martin targets US IPO to raise capital for deals to keep Strava ahead of rivals including Garmin and Nike

Politics

1 week ago Bank deregulation set to unlock $2.6tn of Wall Street lending capacity

US lenders expected to cement global dominance by a significant easing of post-financial crisis rules

Economics