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RBS and Lloyds set to cap cash bonuses again

Piggy Bank

Lloyds and Royal Bank of Scotland are set to impose a cap on cash bonuses for the sixth consecutive year, in line with previous agreements made with the Government body that holds the taxpayer’s shares in the banks.

De Niro and Dreyfuss look to play Madoff

Bernie Madoff

No corner of Wall Street is truly important until Hollywood actors play its heroes and villains. Corporate raiders have 'Wall Street', mortgage-backed securities sparked 'Margin Call', commodities dominate 'Trading Places' and stock brokers star in 'The Wolf of Wall Street'.

Citigroup to invest $100bn in tackling climate change

Citi Building Sign

Citigroup, the third largest US financial institution, on Wednesday said it will invest a whopping $100bn over the next decade to reduce the impacts of climate change. The bank said it will use the money the finance green initiatives and sustainable growth.



European Union

Banks eye victory on EU derivatives

Banks and asset managers are poised to win an exemption in rules for trading derivatives from European lawmakers, who already said they would give them a one-year delay of new financial regulations.