Barclays was thrown into fresh turmoil on Wednesday when one of the non-executive directors on the board of the scandal-hit bank suddenly quit.
The bankruptcy trustee of MF Global Holdings is seeking to interview former London employees of the failed broker as it considers lawsuits against the U.K. unit and its staff.
A work colleague went into a fervent rant of epic proportions this morning, describing his attempt to motorbike to work along the A4. Today, of course, was the first official day of the Olympic 'Zil Lanes' - 30 miles of London roads which look like becoming no-go areas until August 12th.
Trading surges that temporarily boosted the value of credit derivatives held by JPMorgan may provide clues about whether traders at the bank masked losses that have spiraled to $5.8bn.
Goldman Sachs, Bain Capital and Carlyle Group have urged a federal judge to dismiss an investor lawsuit accusing the largest investment banks and private-equity firms of conspiring to rig bids on leveraged buyouts.
The trade minister, Lord Green, has broken his silence over the HSBC money laundering scandal, saying he regretted the long-running incident that took place while he was running the bank. But he is still refusing to take questions on the controversy.
Financial Services Authority Chairman Adair Turner gave his first indication that he is interested in succeeding Bank of England Governor Mervyn King as he laid out proposals to reshape London’s finance industry.
The top lawyer appointed by Barclays to investigate the culture of scandal-hit Barclays bank has set up an email account to hear complaints from staff and customers first hand.
Four months after announcing its last slimming pledge, hedge fund manager Man Group is at it again. March's round was to save $95m a year. Now it is to save a further $100m.
A woman’s claims that she was assaulted by a former Goldman Sachs Managing Director are filled with inconsistencies that raise reasonable doubt about his guilt, a lawyer said at the end of a trial.
Barclays has been forced to set aside almost another £1bn as it braces for a fine for rigging foreign exchange markets and to pay more compensation for mis-selling payment protection insurance.
Plans by the Conservatives and Labour for a fresh round of deficit reduction after the general election are being strongly attacked by one of the world’s leading economists who warns that renewed austerity will hold back a still-incomplete recovery.