A portfolio manager at GLG Partners Inc., was one of the three employees arrested Wednesday in London on suspicion of insider trading, according to a person with knowledge of the matter.
Royal Bank of Scotland will recoup $458m from bankers by cutting its bonus pool and clawing back compensation following its fine for rigging Libor.
Now that's an apple we would like a bite of!
A colossal savings glut in China, the world's second largest economy, means British workers in their twenties will only be able to retire at 75, a report by the Center for Economic and Business Research (Cebr) showed on Thursday.
The gravy train is over.
UBS was sued for wrongful dismissal by two former traders in Singapore who claimed they were fired in a bid by the bank to cover up its role in allegedly manipulating key reference rates.
The UK financial sector was dealt a withering blow on Wednesday night when the European Union agreed on moves to slash the bonuses that may be paid to bankers, defeating strong Treasury opposition to the new rules.
Barclays has clawed back up to £300m in bonuses paid to staff, after being fined for Libor-rigging and paying out millions for the mis-selling of payment protection insurance and interest rate swaps.
Royal Bank of Scotland has reported its fifth annual loss since it was rescued by the government in 2008.
House prices are rising rapidly in the north east of England and falling fast in Kensington and Chelsea, according to property website Rightmove, in a remarkable reversal of the trend over the past decade.
Borrowers beware: Mark Carney’s clear message in his speech at Lincoln cathedral last week was that interest rates may have to rise soon – something anyone who has bought a home or taken out a loan in the past eight years will never have experienced.
The body of a banker who plunged to his death from a mountain in the Lake District lay undiscovered for four days after hotel staff failed to notice he was missing, an inquest heard last week.