Global sovereign wealth funds are waiting to pounce on bargains instead of paring stakes in the U.K. following the Brexit vote, a senior industry expert said Friday.
Six UK banks have been downgraded by Standard & Poor's (S&P) over concerns about risks arising out of the recent vote to leave the EU.
Efforts to appoint more women to the boards of Britain’s biggest companies have stalled, while men still exert a tight grip on key decision-making positions, new data has revealed.
Four ex-Barclays bankers have today been given prison sentences totalling 17 years between them for their roles in the Libor-rigging scandal.
Worse than all the years of the financial crisis.
A federal judge on Wednesday said a former star Lehman Brothers trader was not entitled to an $83m bonus he claimed he was owed following the investment bank's 2008 collapse, on top of a similar sum that Barclays already paid him.
JPMorgan could be forced to move thousands of staff out of Britain if the country loses its automatic right to sell financial services to the European Union after last month's Brexit vote, bank CEO Jamie Dimon told an Italian newspaper.
Citigroup is merging its consumer banking unit in Europe, Middle East and Africa (EMEA) with Asia, the largest region for profit for the business outside North America, according to an internal memo seen by Reuters on Thursday.
Deutsche Bank’s head of foreign exchange and emerging market debt trading, Ahmet Arinc, is leaving the company, according to a memo to staff.
Former Wall Street executive Andrew Caspersen pleaded guilty Wednesday to charges of securities fraud and wire fraud.
Goldman Sachs retained its crown as the bank with the largest commodities revenue in the first half, while lenders saw their worst income from natural resources in at least a decade.
The founder of Sports Direct, Mike Ashley, is taking over as chief executive of the troubled sports retailer following the resignation of Dave Forsey.
A shakeup of Rolls-Royce, the engineering group, has claimed another victim with the chief executive, Warren East, replacing his chief financial officer.