The UK Government signalled its growing anger over European Union plans to impose a cap on pay for bankers over the weekend when a senior minister with close ties to the Chancellor said that hundreds of thousands of British jobs were being put at risk.
Convicted UBS trader Kweku Adoboli asked a British appeals court to overturn his seven-year prison sentence for causing a $2.3bn loss through unauthorized trades.
As the European Union moves to cap bankers’ bonuses at twice fixed pay, the Netherlands is considering even tougher measures amid a public backlash against the industry.
HSBC and Standard Chartered will report a reduction in their bonus pools, reflecting separate settlements with U.S. authorities over probes into money laundering and sanctions violations, Sky News reported on Sunday.
One of the lesser-known casualties of the financial crisis was the disappearance of Goldman Sachs's partner dinners - the lavish black-tie galas that drew all the members of Goldman's elite partnership together for a night of revelry.
Banca Monte dei Paschi di Siena SpA, which yesterday received a $5.3bn government bailout, sued Deutsche Bank and Nomura over two derivatives that soured.
Europe's biggest bank HSBC reported a full-year pre-tax profit of $20.65 billion, much lower than a forecast of $22.7 billion, according to a Reuters poll of analysts.
The former JPMorgan trader known as the 'London Whale' was not responsible for Lehman Brothers' bankruptcy and should not be dragged into an $8.6bn lawsuit accusing the largest U.S. bank of causing it, JPMorgan said.
When a 32-year-old dotcom multimillionaire known for his "goofball" approach to business is fired, the chances are he is not going to slip out the back door, hanging his head in shame.
One of London's most successful hedge fund managers, Patrick Degorce, has been forced to part with millions of pounds in tax after Revenue and Customs persuaded the courts to throw out a complex film financing investment which sought to shelter earnings of almost £19m.
Early demand for beach holidays has kept easyJet on course for increased profits despite French air traffic strikes and a fire at its Rome airport base.
The global Exchange Traded Fund (ETF) industry has overtaken hedge funds, as investors have been lured by the products ultra-low costs and large range of indices.
Palm Mason has been named the Best IT Recruitment firm 2015 by readers of global website HITC.