The magnitude of the recent slide matches a 'typical' sell-off in the S&P 500 since the financial crisis
Such a deal would create one of Europe's largest banks at a point when the industry is under pressure to consolidate
The U.S. deficit has ballooned in recent months, but the decline in interest rates has cut the cost of servicing the debt
The new order applies to managing directors and executive directors who oversee subordinates
She will succeed Michael Corbat and become the first woman to run a major global bank
Firm says ESG portfolio can provide similar or better results than traditional investments
Firm is trying to reduce cash holdings amid persistently negative interest rates
The firm's research arm sees investment-bond bonds hampered by frothy valuations and rising interest-rate risk, but are somewhat bullish on junk-rated debt
The fund manager criticized the Fed's emergency actions as buoying asset prices and spurring unsustainable corporate borrowing
While almost every bank says workers are under no pressure to return, employees are itching to learn what comes next
