The Financial Conduct Authority has warned City firms to strengthen their defences against financial crime after it found serious failures in wealth and asset managers' anti-money laundering and corruption measures.
The ECB won't find cause for concern over German banks when it carries out rigorous stress tests of European lenders, according to the president of the country's banking regulator.
With shares of Sony plunging 12 percent on Friday after the company slashed its earnings outlook, strategists say time is running out for the Japanese electronics maker to prove that it can engineer a turnaround of its struggling business.
Compare and contrast. In the euro area, falling energy prices are cited as one of the reasons why the annual inflation rate has dropped to a four-year low of 0.7%.
'Someone’s going to be disappointed'.
For the second year running, Slaughter and May has been ranked as the most reputable law firm in the UK by trainees and solicitors surveyed by career information publisher Inside Buzz.
Already hammered by their role in the 2008 financial crisis and the rigging of the key bank rate LIBOR, the global banking sector looks set to take another battering to its reputation as investigations start into the fixing of foreign exchange.
Europe's leading investment banks took a trading revenue battering in the third quarter that shows no signs of reversing before the end of the year and gives a glimpse into the upheaval facing the industry as a whole.
Global accounting giant PwC is to buy strategic consultancy firm Booz & Co in a deal thought to be worth $1bn.
ExxonMobil, the world's largest publicly traded oil company, on Thursday reported an 18 percent decrease in quarterly profit on weak refining margins.
HSBC, which has threatened to move its headquarters out of the UK amid concerns over excessive tax, is eyeing the US as a serious alternative to its traditional home of Hong Kong, according to reports.
The U.S. dropped insider-trading charges against Michael Steinberg, a former fund manager at SAC Capital Advisors who was convicted by a federal jury, in the latest fallout from a major appeals court ruling that made such prosecutions more difficult.
Barclays Chairman John McFarlane said some observers of the lender have 'jumped to conclusions' about the firm’s strategy if former senior JPMorgan banker Jes Staley becomes chief executive officer.