Four major US banks handed almost 1,000 of their top City staff at least €1m (£850,000) in pay deals last year.
The world’s oldest bank, Monte dei Paschi di Siena (MPS), has started its desperate attempt to raise €5bn (£4.2bn) in less than 10 days to avoid a rescue by the Italian government.
Hurrah, some of the world’s largest banks have been rounded up to underwrite a €13bn (£11bn) rights issue at the giant Italian lender UniCredit.
Executives at Monte dei Paschi of Siena (MPS) were fighting on Sunday night to salvage a multibillion-euro rescue by private investors in a frantic attempt to prop up the bank.
A five-year investigation by competition authorities in Brussels into rigging of interest rates drew to a close Wednesday when three major banks – including HSBC – were fined €485m (£412m) for colluding to manipulate a crucial benchmark rate.
Top European central bankers have warned against politicians interfering in monetary policy, amid intense scrutiny of Mark Carney’s interest-rate strategy following the Brexit vote.
Uncertainty about the size of the penalty that Deutsche Bank faces from the US authorities for a misselling scandal a decade ago has knocked almost 4% off the share price of Germany’s biggest bank.