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Citi Denies Gender Discrimination

A lawsuit has been filed in the US District Court in Manhattan against Citigroup by five former and one current employee who claim that the firm 'systemically discriminates' against women when it comes to pay, promotions and the selection criteria for layoffs.

Top Firm Cuts Pay

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JPMorgan Chase put in a decent performance in the third-quarter, as its retail financial services and card division put in some good numbers and credit losses were lower. Investment banking revenues, however, were under pressure.

JPMorgan Comes Out On Top

Fees for global investment banking services, from M&A advisory to capital markets underwriting, totalled $57.7bn for the first nine months of 2010, a 9% increase over last year at this time.

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BP to follow Shell in cutting spending

BP will on Tuesday unveil plans to slash billions of pounds off its capital spending programme in a bid to counter the impact of plunging oil prices and a 40% fall in its fourth quarter profits.