Wall Street’s five biggest banks reported the worst start to a year since 2008. They’re still asking investors to be patient.
American prosecutors are said to be close to arresting individuals over the Libor scandal.
Dragged kicking and screaming, maybe. But online job search and the use of social networks in order to find employment is no longer just the preserve of Generation Y.
Inside traders have more to fear when they stand before Manhattan federal judges for sentencing.
Stuart Gulliver, chief executive of HSBC, has withdrawn as a speaker at an Olympic investment conference where he was due to share a podium with the bank's embattled former chairman Lord Green.
A review commissioned by the government of Britain's stock market culture has proposed an end to cash bonuses for executives and the scrapping of quarterly reporting of company results in order to combat 'short-termism' in the City.
The knives are out.
American Robert Diamond once mocked 'Little England' regulators for failing to match his global ambitions. He sparked a power shift that cost him his job and transformed the way world’s top financial center is governed.
Michael Rake, Deputy Chairman of Barclays Plc, has ruled himself out of contention to be its new chairman, striking a blow to the UK bank as it hunts for new leadership to steer it through its interest rate-rigging scandal.
Labour's shadow financial secretary to the Treasury, Chris Leslie, has sent a letter to Trade Minister Lord Green, who was Chairm,an and CEO over at HSBC during the time those admissions of money laundering failures took place.
Nearly one in four shareholders voted against HSBC’s pay and bonus deals at the bank’s annual general meeting in London today, as its directors faced angry questions from shareholders about its Swiss banking arm and the composition of its board.
Lewis Hamilton has been named as the richest sportsman in Britain with a fortune of £88m, an increase of £20m on the previous year.
The economic costs of Nepal's devastating earthquake, which has claimed the lives of at least 3,200 people so far and injured thousands more, could exceed $5 billion, equivalent to 20 percent of the impoverished nation's gross domestic product (GDP), says IHS.