The best deterrent to rogue traders in financial markets is the threat of jail, one of the Bank of England’s deputy governors said on Wednesday.
Royal Bank of Scotland is to be hit with £50m of fines on Thursday after the collapse its computer systems in 2012, which left millions of customers shut out of their accounts for several days.
There was something mild, yet reproving, in the way that Myleene Klass faced-off against Labour leader Ed Miliband on the subject of the mansion tax the other day.
Not good heading into the holidays.
Sad to report.
The five Wall Street banks that advised on $100bn of takeovers announced Monday by Halliburton and Actavis could reap as much as $316m in fees for their work.
George Osborne will receive his first indication on Thursday about whether he will succeed in his attempt to overturn the European Union cap on bankers’ bonuses.
Former Jefferies Managing Director Jesse Litvak warned an appeals court that his conviction for securities fraud could be used to ensnare the car salesmen he was compared to at the time of his arrest.
France’s national financial prosecutor has opened a preliminary probe into possible insider trading at BNP Paribas.
Morgan Stanley Wealth Management has announced the launch of Global Sports & Entertainment (GSE), a new division that will serve the unique needs of veteran and emerging talent and their advisors in the sports and entertainment industries.
Robots and drones will replace Uber drivers and Amazon delivery workers within 20 years, according to a study by jobs marketplace start-up Thumbtack.
Singapore remained the most expensive city globally for the third year in a row, but Hong Kong leapfrogged higher to nip at its heels while Paris got cheaper, a new survey found.
Bankers may see their bonuses sliced into, as the Supreme Court today sided with HM Revenue & Customs (HMRC), agreeing that taxes could not be avoided when using a special scheme to award employees in shares.