The top 1,500 bank staff in the UK earned an average of £1m each in 2011, according to new regulatory filings by major banking employers.
Hector Sants, Britain's top financial regulator during the 2008 banking crisis, has been awarded a knighthood, weeks before he takes up a new post at Barclays bank on a pay package worth a reputed £3m.
Who would have thought that an elderly Tory peer would become a leading innovator in internet law? Yet that is what Lord McAlpine has become.
It's been a reversal of fortunes for banks in 2012: financial stocks lead this year, up 26 percent, after performing the worst of all 10 S&P sectors last year.
A New York man was pushed to his death in front of a subway train at a station in the borough of Queens in the second such fatality this month, according to police.
Royal Bank of Scotland has won dismissal of a lawsuit filed by Seoul-based Woori Bank over losses from investments in collateralized debt obligations tied to the housing market.
Citigroup and Bank of America's Merrill Lynch are among five firms that will pay $4.48m to settle regulatory claims they used funds from municipal and state bond deals to pay lobbyists.
Initial public offerings in 2012 slumped to the lowest level since the financial crisis as signs of an economic slowdown and Facebook Inc.’s (FB) disappointing debut curbed demand and prompted companies to push back sales.
Hewlett-Packard said the Justice Department has notified the firm that it has opened an investigation into Autonomy.
Treasury Secretary Timothy Geithner on Wednesday notified Congress that the U.S. is going to hit the debt ceiling on New Year's Eve.
Jefferies Group has hired John Novak from Citigroup to be co-head of U.S. cash equities sales trading, according to a person with knowledge of the move.
JPMorgan has named Deutsche Bank’s Arkadi Nachimowski head of chemicals investment banking for Europe, Middle East and Africa, with a list of clients featuring Syngenta.
Psst … want to earn a CEO’s hourly wage? You can.