Bloomberg Barclays Plc is eliminating as many as 100 senior staff at its investment bank as the unit’s chief, Tim Throsby, overhauls the underperforming division, according to people familiar with the decision. The cutbacks will fall mainly at the managing director and director levels and are evenly split between Europe and the US, said the people, who asked not to ...

Bloomberg The Argentine peso has a split personality, with analysts forecasting both big losses in the spot market and the highest total return for emerging-market investors. The reason for the divergence comes down to inflation and interest rates. Consumer-price increases of more than 20 percent will wreak havoc on the peso’s value, but any weakness will be more than offset ...

Bloomberg Bank of America Corp. once excited investors by pledging steep cost cuts by the end of this year. It still has a ways to go. The lender showed promise on revenue growth, as net interest income jumped to the highest in more than five years and revenue from trading and investment banking both topped estimates. Now, analysts question whether ...