New face required.
WestLB AG, the 180-year-old German state-owned lender that gained notoriety by trying and failing to make it as a global investment bank, ceased operations last week. Its demise is a lesson in hubris to its peers.
Vince Cable has urged shareholders in UK banks to rise up and purge their companies of corrupt executives, who he says have allowed 'systemic abuse' to take root in the banking system.
Last month, lawmakers from the ruling Democratic Party of Japan announced they will convene a panel to figure out how to stop an insider-trading problem they have been working on since 2006.
Barclays has this morning announced the resignation of its Chairman, Marcus Agius. Who's next ?
Even if he hasn't yet debased the coinage, Bob Diamond has certainly done his bit to debase further the language of British public life. Confronted with a clear ruling that Barclays traders had lied and cheated in seeking to rig a key interest rate used to determine everything from mortgages to credit card bills, Diamond put his hands up and conceded that the traders' action had been "wholly inappropriate".
The government will ban the bosses of failed banks from working in the financial industry, the chairman of the City regulator has said.
Tony Blair has admitted taking advice from accountants on establishing a company structure that keeps his business affairs confidential, but insists he does not avoid tax.
David Cameron has rejected a call by the Labour party for an independent inquiry into Britain's banking industry after the £290m fine imposed on Barclays for manipulating interest rates.
Sir Mervyn King, the governor of the Bank of England, piled the pressure on the City on Friday when he said something had gone 'very wrong' with Britain's banks that needed to be put right.
HITC wanted to find out who UK professionals intend to vote for in the upcoming General Election.
Nomura have announced new senior management appointments in its Global Markets, Asia ex-Japan, and EMEA businesses.
Royal Bank of Canada is expanding corporate and investment banking operations in Paris, taking on local and foreign rivals to tap the French market for financing, debt and equity sales, and merger and acquisition advice.