The former chief executive of Barings Bank has questioned Tory leadership contender Andrea Leadsom's claims of working at the centre of attempts to halt a financial crisis in the aftermath of the bank's collapse.
Global sovereign wealth funds are waiting to pounce on bargains instead of paring stakes in the U.K. following the Brexit vote, a senior industry expert said Friday.
Six UK banks have been downgraded by Standard & Poor's (S&P) over concerns about risks arising out of the recent vote to leave the EU.
Four ex-Barclays bankers have today been given prison sentences totalling 17 years between them for their roles in the Libor-rigging scandal.
Worse than all the years of the financial crisis.
A federal judge on Wednesday said a former star Lehman Brothers trader was not entitled to an $83m bonus he claimed he was owed following the investment bank's 2008 collapse, on top of a similar sum that Barclays already paid him.
JPMorgan could be forced to move thousands of staff out of Britain if the country loses its automatic right to sell financial services to the European Union after last month's Brexit vote, bank CEO Jamie Dimon told an Italian newspaper.
Citigroup is merging its consumer banking unit in Europe, Middle East and Africa (EMEA) with Asia, the largest region for profit for the business outside North America, according to an internal memo seen by Reuters on Thursday.
Deutsche Bank’s head of foreign exchange and emerging market debt trading, Ahmet Arinc, is leaving the company, according to a memo to staff.
Former Wall Street executive Andrew Caspersen pleaded guilty Wednesday to charges of securities fraud and wire fraud.
Julius Baer said Asia may overtake Europe as its biggest revenue-generating region, as the wealth manager steps up hiring in Hong Kong and Singapore.
When Barclays in 2012 became the first big bank to be fined for trying to rig the Libor interbank rate, its chief executive lost his job within days.
Britain’s boffins may find time to vacate their libraries and science labs this evening – for they have reason to celebrate.