Got $16,000 or so?
London Mayor Boris Johnson lashed out at a European Union cap on bankers' bonuses on Thursday, warning that the move will shunt banking business away from the City of London and towards Zurich, Singapore and New York.
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.
A company’s reputation is precious.
The global economy is on course for muted growth this year and next as it faces risks from a slowdown in China, the prospect of higher interest rates in the US and the lingering threat of a Greek exit from the euro, according to the latest forecasts from Moody’s.
The UK wage gap is growing, a report by Britain's income watchdog shows.