The Church of England has accused Barclays of having 'repeatedly let down society' and called for a 'fundamental turnround' in the bank’s culture, in its annual investment report published on Wednesday
The chairman of Royal Bank of Scotland conceded under tough questioning from the bank's shareholders Tuesday that he could not guarantee an end to the rash of 'skeletons in the cupboard' which have plagued the taxpayer-funded bank over the last few years.
The Bank of England has called the data snooping activities at financial news agency Bloomberg 'reprehensible'.
BlackRock’s Mark Lyttleton, who was picking winning stocks as an 8-year-old, became a U.K. poster boy for retail clients seeking hedge-fund style investments after posting positive returns in 2008 when markets crashed. Money poured in.
Morgan Stanley shareholders backed the bank’s executive-compensation package after the board cut CEO James Gorman’s pay by 7% and deferred bonuses for top managers.
Bloomberg employees are watched very closely. After years of being watched, they thought nothing of watching others, former and current employees reveal.
Job losses and branch closures are looming at the Royal Bank of Scotland, the chairman of the bailed-out bank has warned as shareholders accused the bank of having "cosy" and "unsustainable" pay deals.
The UK government's plans to prevent a second damaging financial crisis were called into question on Tuesday when a group of economists from the International Monetary Fund said the costs of ring-fencing speculative City activities could outweigh the benefits.
Central banks around the world are repeating the mistakes of former Federal Reserve Chairman Alan Greenspan by flooding markets with cheap money, according to Brunel University's Moorad Choudhry.
Running late ? Missed an important meeting ?
The Securities and Exchange Commission has announced that Citigroup Global Markets has agreed to settle charges that it failed to enforce policies and procedures to prevent and detect securities transactions that could involve the misuse of material, non-public information.
Natixis has hired Simon Grenfell as global co-head of commodities, according to two people familiar with the matter.
Goldman Sachs will have to defend in court against an investment insurer’s claims that it lied about billionaire John Paulson’s position in a security known as Abacus.