The former head of accountants KPMG, John Griffith-Jones, has been dragged into the HBOS furore as questions are asked about his suitability to head the City's new regulator given the auditor's role at the failed bank.
Bitcoin staged an impressive comeback Wednesday, after crashing nearly 60 percent earlier to a low around $105, erasing more than half of its intraday losses.
Federal Reserve officials are increasingly split over chairman Ben Bernanke's $85bn-a-month stimulus programme, according to the minutes of their latest meeting.
Global central banks have been the only way to promote growth and more needs to be done, but additional U.S. deficit reduction needs to be restrained, the IMF's Christine Lagarde told CNBC's "Closing Bell" on Wednesday.
BP is braced for criticism from shareholders at its annual general meeting on Thursday over its executive pay regime and failure to obtain consent for dividend payments.
It sure doesn't look that smart now.
Citigroup is eliminating two senior positions in its Institutional Clients Group as part of an effort to streamline the company's management ranks, according to a person familiar with the plan.
Goldman Sachs has likely generated around $1.2bn of revenue over six years from its dealings with discount retailer Dollar General Corp, a Reuters review shows.
Gleacher & Co, the New York-based brokerage that lost $159.8m in the past two years, will exit the fixed-income business and is in preliminary talks with another company on a possible combination.
The World Trade Organisation has issued a strong warning against the risks of protectionism as it slashed its forecast for global trade this year from 4.5% to 3.3%.
Don’t look now, but megacap financial companies are creeping back onto the list of the biggest U.S. companies.
The UK financial regulator has dropped an investigation into a former senior UBS banker caught up in the Libor scandal, after its own review panel found there was not a strong enough case to pursue him.
Investors pulled over $150 million from Pimco's Total Return exchange traded fund in the months leading up to this week's Securities Exchange Commission (SEC) warning of the threat of legal action, new data shows.