Goldman Sachs cut jobs and compensation for employees as first-half revenue dropped to the lowest since 2005.
Barclays was in a 'state of denial' about its dealings with regulators, according to Sir Mervyn King, Governor of the Bank of England, as he came under fire from MPs on Tuesday during the latest bout of accusation and counter-accusation over the Libor scandal.
Bank of England Governor Mervyn King defended his handling of the Libor affair, saying that he only knew of wrongdoing two weeks ago and that a memo from Timothy Geithner in 2008 didn’t highlight malpractice.
Don't dilly dally on the way.
A former Citigroup manager did not mislead investors who bought $1bn of mortgage-linked securities from the bank because they knew betting in the housing market was risky, the executive's lawyer said at the start of a civil fraud trial on Monday.
Here are links to last week's top 15 stories.
Retaining its crown, and voted top in the Here Is The City 2012 Best Front Office Recruitment Firm poll for a record third year in a row is..
Flaws in the way Libor is set allowed individual banks to manipulate the key global interest rate for profit for years, according to traders.
Costs are king.
The U.S. Commodity Futures Trading Commission reviewed operations at Peregrine Financial Group Inc. at least twice since 2006 without detecting the fraud that led to the collapse of the futures broker and a $200m shortfall in client funds.