More pain to come.
'We do not have or want jerks'.
The UK government has been met with a frosty reception in its attempt to overturn a cap on bankers’ bonuses enforced by the European Union, with Europe’s highest court accusing lawyers for the Treasury of being inconsistent.
Foreign-exchange traders interviewed as part of the Bank of England’s probe into whether its staff knew of currency-rate rigging have expressed surprise at the narrow scope of the questioning focused on one meeting, according to people with knowledge of the inquiry.
French rogue trader Jerome Kerviel has left prison to serve the rest of his sentence wearing an electronic tag.
A former hedge fund trader was sentenced to nine years in prison on Monday for his part in what prosecutors called “the most lucrative insider trading scheme ever”.
Chancellor George Osborne wanted Royal Bank of Scotland to hurry up and get rid of Citizens, its US bank, and concentrate on being a UK-focused lender. Former chief executive Stephen Hester didn't want to rush the process and thought RBS's capital position would be better served by waiting for Citizens' value to recover.
Morgan Stanley, the best-performing stock among the largest Wall Street banks since the end of 2012, will rise at a slower pace over the next year as the current price anticipates the firm reaching its profitability goal, said David Konrad, a Macquarie Group analyst.
Billions of pounds were wiped off the value of companies with Scottish links and the pound was pummelled as markets took fright at the increasing prospect of Scotland voting to break away from the United Kingdom next week.
Paul Tudor Jones celebrated his 60th birthday in Greenwich, Connecticut, in the same style of the fundraisers for his charities, with star musicians in live concert.