Britain's four biggest banks are to award bonus payouts worth around $7.2bn in the next few weeks even as the share prices of lenders are being hammered by deepening concerns about economic growth.
Shamed former Royal Bank of Scotland boss Fred Goodwin faces being interrogated by lawyers in a $5.8bn court action brought by angry shareholders.
Commerzbank has drafted a shortlist of candidates to replace Chief Executive Officer Martin Blessing when he steps down in October, according to a note to staff.
Global banking giant HSBC revealed late last night that it has decided to keep its headquarters in London, ending months of uncertainty over whether it would quit the UK and move to a rival financial centre.
Today's workers will need to keep plugging away well into their golden years if they want to afford the same standard of retirement as their parents, a report out today has found.
New York Fed president William Dudley has dismissed speculation that the US Federal Reserve could adopt negative interest rates as “extraordinarily premature”.
With Valentine’s Day around the corner, the City’s single bankers can draw a relief, as their jobs are among the most attractive to the opposite sex.
All are said to be true stories.
Three bankers have left Goldman Sachs after the U.S. firm determined they breached internal guidelines in connection with the bank’s advisory role on the planned acquisition of a consumer company in the Middle East, according to people with knowledge of the matter.
Morgan Stanley has named Ben Huneke head of investment solutions on Thursday, a day after announcing the departure of Raj Dhanda.
London scored especially well on intellectual capital and innovation and indicators of economic clout, according to a new PwC analysis.
U.S. stocks closed higher Tuesday, led by energy, as Wall Street despite shockingly weak economic data while keeping an eye on oil prices.
City passporting rights must become the government's first priority following Brexit, according to an influential think tank, which also argues that London can remain Europe's leading financial services centre.