JP Morgan is to pay its biggest ever dividend, leading a wave of mega-payouts from the big US investment banks.
The Bank of England has kept the UK base interest rate at its historic low of 0.5% despite a steep fall in the value of sterling linked to the EU referendum, which policymakers said was likely to exert upward pressure on inflation.
Tom Hayes, the former trader jailed for rigging Libor, told a London court that UBS’s bonus structure was "an enigma wrapped in a riddle" as he fights a bid by prosecutors to seize his assets.
Wells Fargo left Chief Executive Officer John Stumpf’s compensation for 2015 unchanged at $19.3m.
The Philippine bank manager who approved fund transfers at the center of an $81m cyber heist will tell lawmakers in a closed hearing Thursday that she was following orders from high-level officials at Rizal Commercial Banking Corp., her lawyer said.
Anyone who has opened an email purporting to be from Bank of England governor Mark Carney about $6.5m they never knew they had should hold off before popping the champagne corks.
A former Federal Reserve Bank of New York employee was spared prison on Wednesday, disappointing prosecutors who said his leaking of confidential documents to a friend at Goldman Sachs justified time behind bars.
Coca-Cola has spoken out against George Osborne’s sugar tax and warned that the levy will not reduce obesity.
Societe Generale may speed up cost-cutting in activities including corporate and investment banking as harsher regulation bites across the industry, CEO Frederic Oudea said.
Tom Hayes told a court today how the rate-rigging allegations that eventually lead to his conviction caused him to suffer a breakdown, as he continued his legal battle over his assets.
A former Deutsche Bank executive who’s suing the firm for unfair dismissal is arguing in court that the payments to a Chinese joint venture which got him fired were based on approvals by other top managers in Asia.
Gays Against Guns, a group formed days after the June massacre at a gay nightclub in Orlando, will target BlackRock to kick off a campaign pressuring companies to cut ties with the firearms industry.
The City watchdog has shut down an investigation into possible bond manipulation by a Lloyds Banking Group trader.