Barclays paid 481 staff more than £1m ($1.67m) last year, prompting criticism that pay is still too high and that banks have not changed their ways since the financial crisis.
Bank of England officials knew of concerns the foreign-exchange market was being manipulated as early as July 2006, more than seven years before regulators opened formal probes into alleged rate-rigging.
Even as StanChart posted an 11 percent on-year decline in pre-tax profit for 2013, the bank's Asia CEO said it had still been a relatively good year.
Bailed-out Lloyds Banking Group and Barclays have handed their bosses almost £1m in shares to sidestep the new rules from Brussels which are intended to clampdown on bankers' pay.
For Singaporeans, news that they live in the world's most expensive city is not a surprise but how pricey Singapore is remains the subject of debate.
An private banker who stole nearly £600,000 from wealthy clients to fund his gambling habit has been jailed for two years.
Remaining anonymous as he posted on Twitter under the handle @GSElevator was simply a 'device', John Lefevre said on Tuesday, that allowed him to paint a broader picture of life on Wall Street.
London has held on to its crown as the favourite city of the global elite, but has New York and Asian cities snapping at its heels.
Economics Ph.D. student Fabrice Tourre, a former Goldman Sachs trader found liable for fraud, will no longer be teaching undergraduate economics this spring.
I’ll never forget the somewhat reproachful words of Her Majesty the Queen when she visited the London Stock Exchange after the financial crisis of 2008: 'Did no-one see this coming ?'
Fears that the global economy could be heading for a repeat of the 2008 financial crash have sent shockwaves through financial markets – prompting a rush to safe havens by investors.
The FTSE 100 officially entered bear market territory yesterday for the first time since 2009, as the New Year sell-off sent panic through trading floors and stoked fears of a broader economic slowdown.
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