Andrew Bailey, the incoming head of the Financial Conduct Authority, said improving the culture of City firms is a priority and that “hubris” needs to be added to the list of risks firms face.
Banker-bashing: it's one of the UK's favourite hobbies. But now the soon-to-be boss of the Financial Conduct Authority (FCA), Andrew Bailey, has said it's time to start using the carrot, rather than the stick.
Goldman Sachs was named as a defendant in an antitrust case alleging the firm was part of a conspiracy to discourage trading on the plaintiffs’ platform for exchanging swaps tied to interest rates.
The mastermind of an $8bn money-laundering operation that prosecutors billed as the biggest ever got hung out to dry.
UK businesses are increasingly pessimistic about the economy – but hungry to complete deals.
Here's another 11 classics.
'The markets will never be the same as they were pre-crisis or even post-crisis'.
Wall Street is going the extra mile to win hearts and minds on Main Street, plowing hundreds of millions into a wide gamut of community projects.
BNP Paribas's plan to cut over 10% of its investment banking jobs in France will affect IT and operations staff along with corporate trade and treasury, financing, advisory and global markets, among others, the CGT union said.
The London-based operation of Goldman Sachs has appointed its first female directors amid an intensifying Government-backed push to tackle the City's stark gender imbalance.
Illinois is joining California in suspending Wells Fargo from handling “billions” of dollars in investment work and the underwriting of state debt after the company admitted to opening potentially millions of bogus customer accounts.
The Bank of England will push ahead with plans for an extra set of stress tests next year in order to assess the ability of the UK’s top lenders to weather a financial storm.