Volkswagen has blamed the emissions scandal at the car maker on a “small group” of people and suspended staff as it unveiled Matthias Müller as its new chief executive.
Traders should be wary of calls that start with a 'thank you'.
For the last two years a supersonic car has taken shape in an ordinary-looking unit on an industrial estate near Bristol, a joinery on one side, a plumbers’ merchant on the other.
A former global finance chief at Deutsche Bank said the German markets regulator ruined his reputation after it claimed he and other managers may have turned a blind eye to Libor manipulation.
The stage is set for a legal battle between two branches of France’s most famous banking dynasty after Paris Orleans decided to adopt the name Rothschild.
Goldman Sachs investors who claim they were harmed by conflicts of interest related to collateralized debt obligation transactions won permission to pursue their lawsuit as a group.
Standard Chartered’s second-largest shareholder, Aberdeen Asset Management, would support a capital increase if the bank decides it needs to shore up its balance sheet, CEO Martin Gilbert said.
The government has sold a further 1% of Lloyds Banking Group, taking taxpayers’ stake in the bailed-out bank to less than 12%.
An award-winning city banker whose bonus went down following a road accident is suing the white van man responsible for more than £200,000.
Navinder Singh Sarao, known as the trader whose actions may have helped cause the 2010 flash crash, will on Friday find out whether he will be extradited to face charges in the U.S.
UBS, the world’s biggest manager of money for rich people, imposed a partial hiring freeze at its wealth-management business as part of efforts to cut costs, said two people with knowledge of the matter.
BANKS and financial services companies wishing to relocate their workforce from UK to another European city in the wake of Brexit and a potential loss of passporting rights will face costs as high as £50,000 per employee, according to New York-based consulting firm Synechron.
More than 70 banks and other City firms have agreed to link their bosses’ bonuses to the appointment of women to senior jobs in a push to break with male-dominated executive teams.