Despite an elegant solution that involved no new commitments of resources, the US Congress has refused to take up a long-delayed funding proposal for the International Monetary Fund.
Deutsche Bank and Saint-Etienne, a centuries-old town in France’s Massif Central region, settled a four-year-old 'toxic' loan spat this week. But the town’s woes aren’t over as other banks aren’t playing ball, its mayor said.
Financial market abusers could face a minimum of four years in jail under new plans voted through the European Parliament on Tuesday amid a string of financial scandals.
TD Securities, a unit of Toronto Dominion Bank, will consider applying for London Metal Exchange membership as it expands in industrial metals.
Lloyds Banking Group has suspended one of its foreign exchange traders after an internal investigation into allegations of currency manipulation, a source familiar with the matter said on Tuesday.
Britain is struggling to stay in the "premier league" of countries ranked by the consultants PwC after suffering more grievously than rival nations in the slump of 2008-09.
The number of apprenticeship vacancies in the UK rose sharply at the start of this academic year but employers are failing to keep up with demand, with 12 applications for every position.
Crédit Agricole Corporate and Investment Bank has announced the appointment of Benoit Fosseprez as Head of Americas GIB (Global Investment Banking).
The Financial Conduct Authority is examining possible abuse of London-based market rates on top of its investigations into Libor and foreign exchange pricing, its chief executive has told MPs.
Normalizing performance award levels.
Michael Platt, who runs the $8bn BlueCrest Capital Management, will return all client money and instead focus on managing his own wealth and that of his partners and employees.
Barclays faces a higher than expected bill to recruit Jes Staley, who began his job as the bank’s chief executive on Tuesday.
Billionaire, social network founder and, once upon a time, everyone’s unsolicited friend on Facebook, Mark Zuckerberg added two more titles to his name on Tuesday.