Deutsche Bank has resigned its seat on the London precious metal fixes without finding a buyer, a spokesman for the lender said on Tuesday, leaving four banks to set the global gold price benchmark under increasing regulatory scrutiny.
Barclays is planning to move its commodities division into a so-called bad bank of unwanted assets and units to be overseen by Eric Bommensath, according to a person familiar with the plan.
BNP Paribas warned it might be hit with a U.S. fine 'far in excess' of the $1.1bn which the bank set aside last year to cover litigation costs linked to a potential breach of U.S. sanctions on countries including Iran.
Europe's highest court dealt a blow to George Osborne's attempts to defend the interests of the City when it threw out Britain's legal challenge to a tax on financial transactions.
The U.S. economy barely grew in the first quarter as exports tumbled and businesses accumulated stocks at the slowest pace in nearly a year, but activity already appears to be bouncing back.
Ignore the explanation from Barclays for why Skip McGee, its best-known and perhaps best-paid investment banker, is hopping off.
The ranks of foreign-exchange traders are rapidly thinning as a probe into alleged manipulation of benchmark rates widens and pressure mounts on the industry to reduce costs.
Deutsche Bank was among 15 European banks that had their outlooks cut to negative by Standard & Poor’s on the prospect that governments are less likely to provide aid.
Following a period of exuberance around Abenomics, Japanese Prime Minister Shinzo Abe's three-pronged economic revival program is now generating a sense of unease among investors.
In one of the Tuesday's biggest options trades, a major player spent $1.6 million on a highly risky bearish bet against the market.
Nomura Holdings’ third-quarter profit fell 49% as brokerage commissions and investment-banking fees slumped and the firm posted another loss abroad.
Consumer confidence in the UK has dropped for the first time since 2013, according to survey figures published this morning.
Rolls-Royce has won a significant boost after budget airline Norwegian agreed a $2.7bn (£1.9bn) deal to buy engines from the beleaguered company.