Royal Bank of Scotland has begun work on a five-year plan that will likely see the taxpayer-backed lender exit markets where it is uncompetitive.
An apparent Da Vinci painting has been discovered in a bank vault. However, one expert argued it was doubtful a new masterpiece has emerged.
The father of a 21-year-old Bank of America Merrill Lynch intern who was found dead in the shower after a 72-hour shift says the British government must act to prevent a similar tragedy. The family are also said to have been upset about a stream of vitriolic online abuse from people commenting on their son's death.
The 21-year-old was found dead in his flat after working for three nights in a row. For the first time, Moritz Erhardt's parents talk about how they had feared for their son – and why the British government must prevent another such tragedy.
Optimism in the financial services sector surged in the three months to September, as firms reported they were the most upbeat about their overall business situation for almost 17 years. That’s according to the latest CBI/PwC Financial Services Survey.
Swiss regulators are investigating a number of financial firms over the potential manipulation of currency markets, where £3tn changes hands every day.
Mizuho Financial Group’s banking unit set up an internal committee and will assemble a panel of outside experts to improve compliance after it failed to act on loans made to crime groups.
PE firm Shamrock Capital Advisors has sold Harlem Globetrotters International to Herschend Family Entertainment for more than $70 million.
A new mood of proud nationalism is emerging in economically resurgent Iceland after an out-of-control banking system sank the country into financial meltdown exactly five years ago.
Get up close and personal with a supercar once owned by Barbara Hutton, and visit the island where the super rich spend more than $50 million on classic cars in a weekend.
Barclays' new CEO Jes Staley will prioritize the investment bank’s advisory and execution operations and accelerate sales of unwanted assets, according to the bank’s Deputy Chairman Mike Rake.
Royal Bank of Scotland has said it plans to cut costs by about $3bn at its investment bank over the next three years as part of CEO Ross McEwan’s plans to shrinks the unit.
Eight major banks broke EU bonus cap rules last year and will have to change the way they pay their top staff this year.