Chinese state-backed investors are eying a stake in one of the domestically focused U.K. banks, and have hired lawyers at Norton Rose Fulbright in London to examine their options for gaining a foothold in the U.K. market, sources have told CNBC.
The financial rewards handed to the City's highest-paid bankers rose by a third last year – and more than 2,700 of them were paid more than €1m (£830,000) in 2012.
Let's get it into perspective.
Two firms sorting out their trader troubles.
No talking now.
Sad to report.
It had to happen.
It was easy come, easy go.
Good news for some.
Chris Rokos, a star money maker at his former employer Brevan Howard Asset Management, raised more than $500m from Blackstone Group for his new hedge fund firm, according to two people familiar with the transaction.
The Securities and Exchange Commission has announced a whistleblower award totalling more than $325,000 for a former investment firm employee who tipped the agency with specific information that enabled enforcement staff to open an investigation and uncover the extent of the fraudulent activity.
French bank Societe Generale enjoyed the benefits of a sharp increase in its retail banking business and what its chief saw as a "moderate" improvement in economies as it recorded a 27 percent increase in third-quarter group net profit to 1.126 billion euros ($1.2 billion).