Business

UBS AG has poached a U.S. team of some 15 oil and gas investment bankers from Bank of Montreal (BMO), significantly weakening the energy dealmaking capacity at Canada’s fourth-largest bank, people familiar with the matter said. The moves come amid...

Before last Friday, many investors opined that the U.S. Federal Reserve would probably raise interest rates only once this year. Making the first hike in about nine years would be almost symbolic, as if the central bank was showing...

Big U.S. banks, including JPMorgan Chase & Co (JPM.N) and Citigroup Inc (C.N), are expected to win Federal Reserve backing on Wednesday to buy back more shares and increase their dividends in the coming year, but the approvals may...

Credit Suisse has swooped on Prudential boss Tidjane Thiam to replace chief executive Brady Dougan - seen to have failed in reforming the Swiss bank fast enough - in order to push into wealth management of a growing multi-millionaires...

U.S. stocks fell on Tuesday, dropping in a broad decline amid renewed concerns about debt talks with Greece and as crude oil fell, weighing on energy shares. Euro zone ministers agreed that technical talks between finance experts from Athens and...

Brent crude futures fell to around $57 a barrel on Tuesday as the dollar hit multi-year highs and the oil market remained hobbled by oversupply and weak demand. The U.S. dollar touched a near 12-year peak against the euro and...

The Apple Watch, Apple's first major consumer device in years, is finally here. Apple CEO Tim Cook teased it in September. And on Monday, he revealed the last remaining details during an event in San Francisco Monday. "I've been wanting to...

Three senior HSBC bosses will face further questions from MPs on Monday over the tax scandal revelations at the bank's Swiss private banking arm. HSBC group chief executive Stuart Gulliver and the former head of the bank's private banking division...

U.S. stocks were modestly higher on Monday, a day after the S&P 500's biggest drop in about two months, as some billion-dollar deals helped provide a lift to the market. Wall Street has fallen for two straight weeks, a downtrend...

Apple Inc (AAPL.O) Chief Executive Officer Tim Cook on Monday is expected to announce details of the first product developed under his leadership, a watch that Apple hopes will transform the market of wearable technology. The company provided a sneak...