The leading British banker at Goldman Sachs has apologised to MPs after he revealed that the bank was approached by Sir Philip Green about offering a £40m loan to BHS when it was bought by Dominic Chappell.
Deutsche Bank, Barclays and 11 other foreign banks have spent several billion dollars in the past three years complying with a new Federal Reserve rule that will trap capital in the U.S. and boost costs.
Royal Bank of Scotland CEO Ross McEwan has warned staff that Britain's decision to leave the European Union has caused a range of economic uncertainties "in the short, medium and long term", a memo seen by Reuters showed.
Contagion from the U.K. financial sector poses a risk to the U.S. following Britain’s decision to quit the EU, Goldman Sachs said on Wednesday.
Lloyds Banking Group is planning to cut around 640 jobs in a bid to scale back its branch network.
British consumers borrowed more than expected in May to buy homes and fund other purchases in a sign of confidence before last week’s shock decision to leave the EU.
China and the US are the leaders of the banking world, with banks from these two countries dominating a list of the top 10 banks worldwide published Wednesday.
The jury on the most recent Libor case to go to court in the UK has arrived at a verdict for three of the men charged, but is still deliberating on the other two defendants.
Moody’s has downgraded its outlook for eight UK banks and building societies after last week’s Brexit vote.
It’s survival of the fattest in private equity-land, and the new dynamic may force more M&A among investment firms.
Leaving the EU Single Market and losing passporting rights would be far from a disaster for the City of London, leading analysts at Moody's have found.
Prime Minister Theresa May is to go on a charm offensive with US banks, holding a summit with some of the biggest institutions in a bid to reassure them over potential repercussions of Britain's vote to leave the EU.