Lloyds Banking Group is to axe 3,000 jobs and close 200 branches as it races to cut costs in anticipation of a cut in interest rates.
The Federal Reserve decided to hold steady and not raise US interest rates for at least another two months at its latest meeting, arguing that near-term risks to the US economy have diminished.
The U.K. Financial Conduct Authority will appeal a ruling that it improperly identified a former JPMorgan. trader involved in the London Whale scandal in a penalty notice against the bank.
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Third Point believes there's a legitimate parallel between investing in the current tumult and the plot intrigue surrounding the HBO program.
Ministers have given the go-ahead for a £344m expansion of London City airport.
'If the current weak economic environment persists, we will need to be yet more ambitious in the timing and the intensity of our restructuring'.
A former Barclays trader was told "life isn't fair" shortly before being fired, a court heard Tuesday.
Goldman Sachs is being sued by a shareholder of one of its former clients over alleged fraudulent misrepresentations that involve links to the prime minister of Malaysia.
For almost five years, Gregory Furlong worked 50-hour weeks as a shipping clerk at a Best Buy two miles from his childhood home in Wilmington, Delaware. It was a kind of employment purgatory for a computer obsessive who tinkers with motherboards in his free time.
As Deutsche Bank CEO John Cryan explores alternatives to paying its staff bonuses in cash, two of the bank’s creditors have an idea: pay them with a risky type of bond that would be first to take losses if the bank runs into trouble.
Royal Bank of Scotland has been told by a group of private investors that it will be taken to court over a £1.25bn claim related to its 2008 cash call.