London will be the base for the first clearing bank outside Asia for the Chinese currency, supporting Britain's push to be the leading western centre for offshore renminbi trading.
ABN Amro Group, the Dutch state-owned bank that is preparing for a share sale, raised salaries of its top 100 managers by a fifth to compensate for loss of income from a proposed Dutch bonus cap.
Fortress Investment Group hired two foreign-exchange specialists including Citigroup's Jeffrey Feig, taking advantage of turmoil at global currency dealers to bolster its hedge funds.
Jefferies, the investment bank owned by Leucadia National Corp, said net trading revenue dropped in the fiscal second quarter as institutional investors continued to shy away from stocks and bonds.
Bernard Madoff's former accountant is expected to plead guilty to charges in connection with the convicted swindler's massive Ponzi scheme, a U.S. prosecutor said at a Tuesday court hearing.
Taxpayers laid out more than £100,000 to pay for the Bank of England's governor to move house from Canada to the UK, the Bank's annual report has revealed.
The archbishop of Canterbury has called on bankers to show an "inner discipline" in determining pay deals.
They wanna work for....
Put this in the category of, if you can’t say something nice, don’t write it in an e-mail.
Bank of America agreed to an $8m fine and returned almost $90m to clients of its Merrill Lynch unit who were improperly charged fees over six years.