LONDON — Britain’s government is unlikely to change its policy towards European Union migration post-Brexit because the country depends too much on EU workers, according to policy think tank IPPR. “It is highly likely that Britain’s immigration policy will change post-Brexit,” said Marley Morris, Senior Research Fellow at IPPR. “IPPR research shows that some sectors […]

Thomson Reuters People carry bags as they leave a Chipotle Mexican Grill restaurant in San Francisco, California Chipotle reported its first-ever quarterly loss on Tuesday, and a massive decline in sales.  Comparable-store sales — at locations open for at least one year — fell nearly 30%. The fact that Chipotle is suffering is not a surprise: […]

The numbers are in, and it’s official: Wall Street had a horrible 2015. Poor trading results and low client activity in the second half of the year led to an overall drop in revenues for Wall Street banks. That’s according to the data-analytics company Coalition, which just released its annual index of investment bank performance. They tracked performance […]

Oli Scarff/Getty Images Protesters dressed as suited eagles on Barclays cycle hire bikes demonstrate outside the Royal Festival Hall which is hosting the Barclays bank AGM on April 27, 2012 in London, England. Barclays on Thursday got hit with a £72 million fine from watchdog the Financial Conduct Authority (FCA) for failing to make sure […]

GoFundMe with BI illustration A day trader in Arizona has started a GoFundMe page asking fellow traders to help him pay off a $ 100,000 debt to E-Trade after a disastrous short bet on a biotech stock. Joe Campbell, a 32-year-old small-business owner from Gilbert, Arizona, created the page after a huge loss on KaloBios Pharmaceuticals. Campbell […]