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.
The two-month-old investigation by U.S. authorities into how a group of traders in London caused a nearly $6bn trading loss at JPMorgan Chase is leading some players who were connected to the unit involved in the scandal to hire lawyers.
Trade minister Lord Green is under intense scrutiny after it emerged that HSBC continued to operate hundreds of accounts with suspected links to Mexican drug cartels, even after Green and fellow executives were told by regulators that HSBC was one of the worst banks for money laundering.
Tony Blair has accepted some responsibility for the state of Britain's economy after admitting his government failed to understand the complexity of the financial sector or foresee that it was on the brink of crisis.
High-street banks have long promised to go the extra mile for their customers, but none of them can purport to offer the kind of service private banks do.
Japan’s ruling party is seeking changes to insider-trading rules that would allow criminal charges and fines for brokerages and bankers who leak stock offering information, according to a document obtained by Bloomberg News.
The British Bankers' Association (BBA) issued a warning to banks in April 2008 to "submit honest rates" to its Libor setting panel, according to a series of emails which demonstrate that the problems with the crucial interest rate were being discussed at the highest level during the financial crisis.
Selby Jennings, who came out top in the Here Is The City 2012 poll of jobseekers and client companies.
A group of banks being investigated in an interest-rate rigging scandal are looking to pursue a group settlement with regulators rather than face a Barclays-style backlash by going it alone, people familiar with the banks' thinking said.
Robert Wolf, the veteran UBS executive, is leaving the firm to start an advisory and consulting firm.
CEO Larry Fink said last year that he’d spent 'hundreds of millions of dollars rebooting' BlackRock’s stockpicking business.
Citigroup’s first-quarter gains in trading revenue haven’t continued into the second, which looks to be holding at about the same level as a year earlier, CEO Michael Corbat said.
Amazon is planning on expanding its own Element brand to include food staples such as milk and cereal and other things, Wall Street Journal reports.