There but for the Grace of God go I.
KPMG’s 'UK Banks: Performance Benchmarking Report' highlights how profitability at the UK’s largest banks has suffered at the hands of the Eurozone crisis and the significant costs associated with PPI, the bank levy and regulatory requirements.
Portugal will follow Greece to be the next eurozone country to falter, according the boss of the world's largest private sector bond fund.
It's not been a good week for Goldman Sachs - and now it might get a whole lot worse.
At the very moment William Bryan Jennings should have been climbing into bed at his sumptuous Connecticut mansion, the high-ranking executive at Morgan Stanley was sprinting through back roads a mile away.
Here's a few links to some interesting Bloomberg, Daily Mail, New York Times and Telegraph stories currently doing the rounds.
Deutsche Bank’s Management Board has announced that it will expand the Group Executive Committee (GEC) from 12 to 18 members, effective June 1, 2012.
Guy Hands, whose private equity firm Terra Firma lost £1.75bn through a disastrous debt-fuelled acquisition of EMI, is perhaps an unlikely champion of the banks.
Many people have been convinced for ages that Hector Sants, chief executive of the Financial Services Authority, would not make the move to the Bank of England, where he was due to be recast next year as the first head of the new Prudential Regulation Authority.
Hector Sants was at work inside the Bank of England – where he was to have become deputy governor next year – when his surprise resignation as chief executive of the Financial Services Authority was announced.
A new alternative to bitcoin was launched in London Wednesday with official trading for the technology beginning next week on a global exchange based in Hong Kong.
A Bank of England payments system that processes hundreds of billions of pounds a day collapsed for nine hours last year because of defects in its design, according to a damning report.
The Bank of England is making a concerted effort to play down the possibility that it will respond to inflation falling to zero with a fresh cut in interest rates.