Bank of England governor Mark Carney has said 50 cases of potential market abuse have been uncovered following the foreign exchange-rigging scandal that led to the Bank’s own chief currency dealer being fired last year.
The rise in “billionaire basements” – subterranean home extensions in some of London’s most expensive boroughs – is attracting fresh scrutiny amid concerns over a rise in fatalities and serious injuries.
The share of jobs held by women in the C-suite is 25%, Catalyst reports. To get ahead, women need senior sponsors that can help promote their skills.
Senior HSBC executives, including the BBC Trust chair, Rona Fairhead, have been ordered to appear before MPs for a fresh hearing on the bank’s Swiss operation.
Barclays generated £593m of profits last year in Luxembourg – where much of its tax planning services were based – but employed just 30 people and paid £4m in tax.
Two American and two European firms.
Now worth $79.5bn.
Morgan Stanley leaders got performance-based stock awards Monday that have more than doubled in value since they were granted three years ago - the biggest payout yet under a bonus program adopted after the financial crisis.
JPMorgan named James C. Ferguson to run the unit that helps private-equity and hedge funds with accounting, valuation and other administrative tasks after trades.
Citigroup Chief Financial Officer John Gerspach said revenue from fixed-income and equities trading will decline by 'mid- to high-single' digits in the first quarter from a year earlier.
Continued fallout from energy loans and sliding banking revenue could have disparate impact at other big banks.
Hedge funds and private equity firms took the least amount of office space in central London since the start of 2012 in the first quarter, according to broker Cushman & Wakefield, as sputtering global growth and increased regulation deterred startups.
Fresh doubt has been cast on the ability of George Osborne to sell off the state’s remaining stake in Royal Bank of Scotland at a profit following remarks by the outgoing head of the Treasury.