Big banks that rigged interest rates behaved in "brazen, flagrant" fashion, the head of the Commodities and Futures Trading Commission told CNBC on Wednesday, adding that imposing hefty fines were needed as a deterrent to bad behavior.
Credit Suisse will continue to cut costs aggressively as it seeks to keep profits stable in the wake of poor fourth-quarter earnings and a fragile macro-economic environment, CEO Brady Dougan told CNBC Thursday.
Distributing shares in Royal Bank of Scotland to the British public, as advocated by the business secretary, Vince Cable, sounds appealing until you think about the practical difficulties.
Here are links to last week's top 20 stories.
Oh dear - what seemed so funny at the time.........
UBS’s plan to pay part of top employees’ bonuses in bonds that can be wiped out will give traders and bankers an unfamiliar incentive: limit risk.
The debate about the future ownership of Royal Bank of Scotland was kickstarted on Wednesday just hours before the bank was slapped with a fine for rigging Libor.
Floyd Abrams, the lead attorney for Standard & Poor's, told CNBC Tuesday that "the intensity of the investigation" into the agency's bond ratings "significantly increased" after S&P downgraded the U.S. government's credit rating in 2011.
Two thirds of Facebook users have taken a voluntary break from the site for several weeks or more, citing reasons ranging from "excessive gossip or drama from their friends" to "concerns about privacy", according to new research.
Samina Akram left her job at Merrill Lynch International Bank eight years ago to start her own consultancy in London specializing in Shariah-compliant finance. Now she’s seeking to empower women in male-dominated Islamic banking.
An ex-Goldman Sachs programmer who twice won reversal of guilty verdicts for taking the firm’s high-frequency trading code when he left for another job isn’t yet in the clear as prosecutors press an appeal.