The fallout from the subprime mortgage crisis continues to plague U.S. banks, according to Standard and Poor's, with the ratings agency estimating billions of dollars in extra litigation fees may hit major lenders.
A former executive at global financial services firm Morgan Stanley has been jailed for embezzling almost $650,000 to fund a lavish lifestyle.
Dutch Finance Minister Jeroen Dijsselbloem said bankers’ bonuses should be limited to a fifth of wages, with those working outside the country exempted.
The Serious Fraud Office is considering a criminal investigation into allegations of wrongdoing at the Royal Bank of Scotland’s global restructuring group, after claims the lender was forcing small companies out of business.
JPMorgan Chase's legal bills contributed to a decline in the Federal Deposit Insurance Corp. tally of U.S. bank-industry profits for the third quarter.
Global banks and asset managers are opening hedge funds in Asia for the first time since the 2008 financial crisis, putting pressure on smaller firms that are already struggling to hold onto investors.
Former Spanish PM Jose Luis Rodriguez Zapatero has said the problem with the euro zone is that its monetary policy was designed to aid Germany.
Scotland's campaign to break ties with the rest of the U.K. will kick off in earnest this week with the launch of the pro-independence campaign - but the economic implications of going it alone are still being fiercely debated.
Stronger consumer spending and a long-awaited pickup in investment were the driving forces behind Britain's economic growth during the third quarter, according to government data.
Slowing price growth in Europe is likely to reverse, according to one ECB official, adding that the central bank is ready to tackle any possible disinflation.
Wall Street’s newest recruits are bolting for the 'bulge'.
Goldman Sachs has hired Jose Abad to cover Spanish banks for its equity research team.
Royal Bank of Scotland will face a reduced capital surcharge after dropping to the bottom rung of the Financial Stability Board’s 2015 list of too-big-to-fail lenders.