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Top paid banker starts new firm

Oil Barrels

Hugh 'Skip' McGee, the energy banker who rose to become Barclays' top-paid executive before he stunned Wall Street by resigning last year, is returning to his roots.

Bank of America executive gets 2 years, 2 months

Bank Of America Building

A former Bank of America executive was sentenced to two years and two months in prison on Monday after pleading guilty to participating in a scheme to defraud cities and towns by rigging bids to invest municipal bond proceeds.

UK inflation turns negative

Bank Of England Building

Inflation in Britain has turned negative for the first time in more than half a century, giving a boost to household finances and bolstering expectations that interest rates will remain at a record low for the rest of this year.