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Investment Banking News

Mexican shakes up world rich list
Mexican Carlos Slim overtakes Bill Gates as the world's richest man, according to the Forbes "rich list", with a fortune of $53.5bn. ...

HSBC admits huge Swiss data theft
About 24,000 clients of HSBC's private banking operation in Switzerland had personal details stolen, the bank admits....

World airline sector 'recovering'
The global airline industry will recover strongly this year, as passenger and freight numbers improve, its trade body says....

US trade deficit in surprise fall
The US trade deficit narrowed unexpectedly in January as fewer foreign cars and less crude oil were imported....

BP to explore for oil in Brazil
Oil giant BP announces a $7bn (£4.7bn) deal that will allow it to begin exploring for oil off the coast of Brazil....