RBS risks losing out

RBS building

Royal Bank of Scotland CEO Ross McEwan risks losing some of the U.K. clients he wants to prioritize as a result of his global retreat, according to a study of the lender’s British customers.

Citi's Buiter: World faces recession next year


The global economy faces a period of contraction and declining trade next year as emerging nations struggle with tightening monetary policy, according to Citigroup's Chief Economist Willem Buiter.


Red Warning Light

Trader said to tell boss: 'You don’t want to know'

A broker at Tullett Prebon was able to stop an internal review of a $53,000 payment made by derivatives trader Tom Hayes for help rigging Libor by telling his boss that 'you don’t want to know' about it, according to tapes played to jurors Monday.