'In the new world, pay.... may well have further to adjust'.
Banks must change the way employees are compensated and take other steps to fix a corporate culture that encourages misdeeds or face being broken up, said William C. Dudley, president of the Federal Reserve Bank of New York.
The cost for banks to settle probes into allegations traders rigged foreign-exchange benchmarks could hit as much as $41 billion, Citigroup analysts said.
A former Barclays Plc unit managing director in Latin America sued the company over its pullback from the region, claiming the bank broke a contract with him and violated New York human rights laws for allegedly discriminating against employees of Latin American descent.
Asked if he'd want his old job back, Mohamed El-Erian tells CNBC: "No, I'm really happy with my life."
Spare a thought for Warren Buffett, who lost nearly $1 billion on IBM on Monday and another $1 billion on Coke on Tuesday.
The Janus Global Unconstrained Bond fund saw inflows jump over 500 percent in September after Bill Gross left Pimco to manage the fund.
The market share of beleaguered U.K. supermarket Tesco continues to shrink, but data shows the retailer may have turned a corner as the slide eases.
A legal battle between Goldman Sachs and the Libyan sovereign wealth fund could have more permanent repercussions for the banking industry, experts have told CNBC.
The outgoing chairman of Barclays said on Monday that big fines on banks were making it harder for the industry to win back public trust.
So print is dead – but here comes a new print paper: New Day from Trinity Mirror, starting cheap (20p) and working its way up, a sort of i for Mail and Express readers.
Bottling company Coca-Cola HBC has returned to growth in established markets for the first time in five years after its soft drinks sold well in Italy and Greece.
The 10 largest U.S. hedge funds have made the most of the slide in the oil price, snapping up $1.5 billion in cheap energy stocks, making the sector the top buy of the last quarter of 2015.