Barclays failed to persuade a U.S. judge to dismiss a lawsuit accusing the bank of defrauding shareholders about a private 'dark pool' trading platform even as it was publicly pledging to clean up its corporate culture.
If HSBC left Britain it would deal the country a psychological as well as financial blow, according to an academic.
Europe needs to allow for bankruptcy within its borders and keeping Greece in the euro zone could be riskier than letting it go, the president of the influential Ifo Institute for Economic Research in Germany told CNBC Monday.
Nearly one in four shareholders voted against HSBC’s pay and bonus deals at the bank’s annual general meeting in London today, as its directors faced angry questions from shareholders about its Swiss banking arm and the composition of its board.
Lewis Hamilton has been named as the richest sportsman in Britain with a fortune of £88m, an increase of £20m on the previous year.
The economic costs of Nepal's devastating earthquake, which has claimed the lives of at least 3,200 people so far and injured thousands more, could exceed $5 billion, equivalent to 20 percent of the impoverished nation's gross domestic product (GDP), says IHS.
Britain’s billionaires have seen their net worth more than double since the recession, with the richest 1,000 families now controlling a total of £547bn.
George Osborne’s stewardship of the economy is expected to take a dent on Tuesday when the latest official figures show last year’s healthy growth has lost momentum.
BP and Shell will this week report a collapse in first-quarter profits of around 60% on the same period of 2014 underlining the financial damage being inflicted by low oil and gas prices.
Anglo American got off lightly.
A rescue deal for the Tata Steel plant at Port Talbot appears increasingly likely after ministers confirmed they were prepared to part-nationalise Tata’s UK business to attract a buyer in the coming weeks.
To see how Wall Street has changed over the past decade, look to Goldman Sachs under Lloyd C. Blankfein.