Bloomberg The number of bankers and financiers pulling down 1 million euros ($1.1 million) or more soared 33 percent to 5,142 across the European Union in 2015, the bloc’s banking regulator said. Bankers based in the UK accounted for 80 percent of the highest earners largely driven by appreciation of the pound against the euro, the European Banking Authority ...

  NEW YORK / AP A former Morgan Stanley financial adviser was arrested in Nevada on charges in New York that he stole at least $5 million from several members of a wealthy family to live lavishly, including using private jets, authorities said. Barry Connell, 50, of Chester, New Jersey, was arrested in Henderson, Nevada, on fraud and identity theft ...

  Bloomberg Buckle up, bond investors. Global reflation and fading central-bank stimulus herald a new dawn for the European corporate debt market that will buoy high-yield paper at the expense of high-grade, according to analysts at Bank of America (BofA), citing an upcoming portfolio shift among investors. “In 2016 we saw the lowest in yields and spreads,” strategists at the ...