George Osborne has rebutted claims by former Barclays boss Bob Diamond that the bank was unfairly treated during a tax investigation by HM Revenue and Customs.
They are calling it the 'curse' of the Coq D'Argent, the popular French restaurant in the heart of London's financial district, where a third City professional jumped to her death Tuesday evening, from the roof terrace to the ground some 80 feet below. This is the third suicide from the same spot in the last 5 years.
The conviction on Friday of three former UBS executives on conspiracy and wire fraud charges for rigging bids in the municipal bond market may serve as a template for how prosecutors can pursue cases in the manipulation of the London interbank offered rate, or Libor.
The creation of big banks wasn’t an unnatural act in the 1990s and it makes no sense to break them up now, William Harrison, former Chairman of JPMorgan Chase told CNBC’s 'Closing Bell'.
Barclays has announced the appointment of Edward Moldaver, Managing Director, and his team to its Wealth and Investment Management division.
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The City watchdog has ordered banks to put an end to their bonus culture, in a report that blames staff incentives for corrupting the services they provide and leading to millions of consumers being missold investments and insurance policies.
It had been two days since U.S. lawmakers negotiated all night to finish rules that would reshape the business of Wall Street. The 20-hour session left legislators, aides, lobbyists and regulators exhausted. Almost no one had a grip on all the details.
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Like every Uber executive trying to get the $41bn online car-sharing service established in cities around the world, the head of Uber in Italy has faced plenty of resistance as she takes on powerful established interests.
Hedge fund Man Group and RSA Insurance both suffered substantial shareholder rebellions over their bosses’ pay deals on Friday – the latest rows over executive remuneration at stock market-listed companies.
“Euphoria returns to the City! Lobster Thermidor is back on the menu! Buy shares in lap dancing bars! The City is safe for five years.”