The leading British banker at Goldman Sachs has apologised to MPs after he revealed that the bank was approached by Sir Philip Green about offering a £40m loan to BHS when it was bought by Dominic Chappell.
Deutsche Bank, Barclays and 11 other foreign banks have spent several billion dollars in the past three years complying with a new Federal Reserve rule that will trap capital in the U.S. and boost costs.
Royal Bank of Scotland CEO Ross McEwan has warned staff that Britain's decision to leave the European Union has caused a range of economic uncertainties "in the short, medium and long term", a memo seen by Reuters showed.
Contagion from the U.K. financial sector poses a risk to the U.S. following Britain’s decision to quit the EU, Goldman Sachs said on Wednesday.
Lloyds Banking Group is planning to cut around 640 jobs in a bid to scale back its branch network.
British consumers borrowed more than expected in May to buy homes and fund other purchases in a sign of confidence before last week’s shock decision to leave the EU.
The Ecuadorian is eyeing up derby success for United, who take on City in Beijing in a pre-season fixture next month.
“Tonight, all the political programmes on TV are about football,” Ezequiel Fernandez Moores, Argentina’s leading sports columnist, tells me from Buenos Aires. He has just returned home on the underground, and noticed that the arrivals board read “No te vayas Lio”: Lio, don’t go.
Jose Reyes, the shortstop turned aspiring major-league third baseman, found himself in Altoona, Pennsylvania, on Tuesday, at a minor-league ballpark officially called Peoples Natural Gas Field, about to suit up for the Binghamton Mets, the New York Mets’ Class AA farm team.