Goldman Sachs has been granted approval to build a new 'banking factory' in London, ending a protracted bid to develop the site that was held up by protected murals on the existing building.
Schroders, Europe’s biggest publicly traded money manager, agreed to buy Cazenove Capital Holdings Ltd. for $646m to expand its private-banking operations.
European leaders reached an agreement with Cyprus early on Monday morning that closes down the island's second-biggest bank and inflicts huge losses on wealthy savers.
David Parse, a former Deutsche Bank accountant, was sentenced to three and a half years in prison for his role in what prosecutors claim is the biggest criminal tax-fraud prosecution in history.
The U.S. Department of Justice is in the advanced stages of an investigation into whether former traders in JPMorgan Chase's chief investment office in London engaged in criminal misconduct in the marking of credit positions last year, according to someone familiar with the matter.
Ford and its Indian advertising agency have apologized for ads showing women in bondage and admitted that they should never have been created at all.
Barclays has accidentally bought a £600m stake in a Dutch cable TV business after the bank botched the sale of private equity shareholdings in the company.
It was the watchdog that didn't bark. When the Financial Services Authority (FSA) was created in its current form by Gordon Brown, it was modelled on the all-powerful US regulators, but it is likely that it will be remembered for only thing: presiding over the near-meltdown of the UK's banking system.
The base is the ace!
Ed Miliband has accused the government of running out of ideas on the economy and said Labour was the party to save the UK from a "lost decade".
HSBC has demonstrated its commitment to its high street banking operations in the UK by rejecting the idea of reviving the Midland name that hung over its 1,000-strong branch network 20 years ago.
Dennis Lafferty, one of Goldman Sachs’s top distressed-debt traders, is in talks to join HSBC to run a new loans and special situations unit in New York, according to two people with knowledge of the matter.