So much for democracy.
Here's a first..
A banker was sacked by Royal Bank of Scotland for spending thousands of pounds on lavish meals, nightclubbing, hotels and taxis using his company credit card, a London employment tribunal heard Wednesday.
Societe Generale is considering outsourcing 400 back-office jobs at its corporate and investment bank, according to two union memos seen by Reuters.
Barclays withdrew Thursday from floor trading on the London Metal Exchange, the world’s biggest metals bourse, as the bank reviews its businesses to cut costs.
Deutsche Bank’s co-Chief Executive Officer Anshu Jain has turned down a request by the German parliament to testify at a hearing about allegations of manipulation in the London interbank offered rate.
Paul Tucker, the frontrunner to become the next governor of the Bank of England, has told MPs he does not want to see the full separation of retail and investment banks.
There's no need to panic, then.
When PPR SA, the French owner of Gucci, sold a stake in its African distributor CFAO in August, it didn’t use an investment bank to handle the transaction.
A former colleague of Kweku Adoboli, the City trader jailed for seven years for gambling away £1.5bn of Swiss bank UBS's money, has set up an online betting company.
A group of former Deutsche Bank employees are being investigated as part of Frankfurt prosecutors’ probe into trades that gave investors controversial tax benefits on dividends.
Bank of England Governor Mark Carney ordered the finance industry to observe new rules on market conduct and threatened an even tougher regime if traders and bankers fail to comply.