Barclays needs to find a successor for Robert Diamond who is the opposite of the American investment banker as a first step to restoring political trust.
Barclays’ board is to ask former CEO Bob Diamond to give up at least part of a possible £17m pay-off to save the bank’s reputation from further damage.
Royal Bank of Scotland is said to be fighting a court order requiring it to co-operate with an international criminal investigation into allegations its staff fixed a key banking lending rate.
Germany's markets regulator has launched a special probe into Deutsche Bank over suspected manipulation of interbank lending rates, joining authorities around the globe investigating the world's largest banks, two people familiar with the matter told Reuters on Friday.
JPMorgan Chase, Goldman Sachs and BlackRock have closed European money market funds to new investments after the European Central Bank lowered deposit rates to zero.
Former Conservative party treasurer Michael Spencer could become the next target of the shareholder spring next week after a leading investor body issued a warning about the pay policies of the Icap broking business he founded and runs.
Look who's been crying now.
JPMorgan Chase has been ordered by a federal judge to explain why it shouldn’t be compelled to turn over e-mails sought by U.S. regulators in a probe of potential energy-market manipulation.
He is a softly spoken Englishman in his mid-30s. We meet in Canary Wharf near the office of the Financial Services Authority (FSA), where he's working as a supervisor.
Barclays is said to be preparing for a showdown with former CEO Bob Diamond over his potential £25m pay-off
Speculation that incoming CEO Chief Executive Tidjane Thiam could have to raise cash to boost the bank's balance sheet overshadowed a forecast-beating increase in first-quarter net profit on Tuesday.
Bank of England policymakers voted unanimously to leave borrowing costs on hold this month, the minutes reveal, but with the eurozone economy picking up, two members of the monetary policy committee saw the decision as “finely balanced”.
Merrill Lynch International (MLI) has been fined £13,285,900 ($19.98m) by the Financial Conduct Authority (FCA) for incorrectly reporting 35,034,810 transactions and failing to report another 121,387 transactions between November 2007 and November 2014.