Nine disputed trades that Libya's sovereign wealth fund (SWF) entered into with Goldman Sachs were unsuitable by "dint of risk and complexity", according to an expert witness at a trial in London's High Court.
One of the leading money managers in the City of London has said the fallout from Britain’s vote to leave the EU will be “horrible” and that the Square Mile is still “slightly stunned” by the result.
A little after 4.30am Ross McEwan picked up the phone to speak to his colleagues at Royal Bank of Scotland.
The average asking price of homes coming on to the market in England and Wales has fallen since mid June, according to property website Rightmove, with the Brexit vote exaggerating the usual summer slowdown.
The UK economy will have to weather a short, sharp shock, with Brexit uncertainty holding back both business investment and consumer spending, according to a leading economic forecasting group.
A sharp fall in housebuilding ahead of the EU referendum dragged down the construction sector in May as firms mothballed projects and delayed new work.
The Bank of England’s chief economist has called for a big package of measures to support the UK’s post-Brexit economy, stressing the need for a prompt and robust response to the uncertainty.
Citigroup reports quarterly earnings and revenue that easily beat analysts' expectations.
Wells Fargo met earnings expectations, but missed slightly on revenue.
Julius Baer, DBS Group Holdings and LGT Bank are considering bids for ABN Amro’s private-banking business in Asia, people with knowledge of the matter said.
A former senior banker who drove his Ferrari into a security guard at high speed in a fatal accident last year has been jailed for 21 months for dangerous driving causing death, after his claims of mechanical failure were rejected.