The Libyan Investment Authority has lost its $1.2bn lawsuit against Goldman Sachs in the high court.
Banks could start making decisions to move assets out of the UK as early as the end of 2017 if there is no deal in place to maintain their rights to sell services freely across the European Union, a leading thinktank has warned.
Psst! Is the coast clear? As son James Murdoch takes the chair again, it’s natural to ask whether dad’s Fox will try to reach for the whole of Sky once more.
The Bank of England will not take instructions on its policies from politicians, its governor, Mark Carney, has said, just a week after Theresa May took a swipe at the impact of the Bank’s actions on “ordinary” people. Speaking at Birmingham town hall as part of the Bank’s Future Forum event on Friday, Carney said it became difficult for the Bank when politicians commented on its policies rather than its objectives.
Scrapping bonuses and capping directors’ pay are among a number of ideas being considered by a powerful City investor in an attempt to curb executive remuneration.
The British financial trader accused of manipulating the US stock markets on the day of an $800bn (£565bn) “flash crash” faces extradition within 28 days after being denied permission to appeal against the order.
For Kurt Long, biking 300 miles for a fundraiser Richard Branson organized was a life-changing experience.
Shares of Deutsche Bank struggled for gains in New York trade Friday after a Dow Jones report, citing a source, that the German government has ruled out support for the bank if it were to issue new stock.
Consumers "should be mad" but Wells Fargo is "committed to fixing" the problems of its consumer sales scandal, CFO John Shrewsberry said.
Wells Fargo is suddenly under an even tighter vise as one of its chief regulators ripped up parts of a recent settlement over bogus accounts, potentially hamstringing new business moves that need government approval.
Donald Trump pulled off more than one Election Day miracle.
Citigroup joins JP Morgan Chase as one of the world's top two systemically important banks, according to an updated list published today by the Financial Stability Board (FSB).