The Financial Services Authority has ordered Royal Bank of Scotland to appoint an independent expert to review the causes of the bailed out bank's computer failure in June, according to information released by the Treasury select committee.
Over three quarters of private equity chiefs in the UK have reported an increase in employee numbers within their investment portfolio in the last year.
The head of Foundem, the British search engine company which first triggered an antitrust investigation into Google by the European commission, has warned that the search engine company faces "a tsunami of follow-on litigation" if it does not alter its search results in a negotiated settlement.
A case of bad timing.
Shareholders in RBS are in talks with litigation funds with a view to launching a formal $5.24 bn fund lawsuit against the bank, the Times reported on Monday.
Switzerland’s attorney general opened a criminal probe of UBS after a complaint filed by Bruno Manser Fund, a rain-forest advocacy group, that alleged a Malaysian politician used UBS accounts to launder money.
Now here's the thing.
Facebook's shares hit new lows Friday as analysts worried the social network's insiders may be preparing to sell yet more stock.
Federal Reserve chairman Ben Bernanke delivered a robust defence of the central bank's interventions to boost the fragile US economic recovery on Friday, preparing the ground for possible further action that would likely prove to be politically controversial.
The Bank of England has cut its growth forecasts after a stronger pound and changing interest rate expectations took their toll.
The U.K.unemployment rate fell to its lowest level since mid-2008 in the first quarter, official figures released on Wednesday showed.
Economic recovery in the eurozone accelerated in the first quarter, growth edged higher in the first quarter, boosted by a return to growth in France and Italy and outpacing both the UK and US economies.