The bonus pot at state-backed Royal Bank of Scotland will shrink this year as the bank pays an estimated £350 million fine for its role in the interb...
It is fair to hope that this new batch of future leaders of our financial world, with their diverse schooling and multi-disciplined training, will be better equipped than their predecessors to ensure that mistakes are not repeated.
Two former UBS traders have been charged by United States prosecutors in connection with efforts to manipulate Libor interest rates. The US crimina...
Swiss bank UBS has agreed to pay £940 million to regulators in the biggest penalty yet from the industry's Libor-rigging scandal. The settlement, ...
Swiss banking giant UBS is understood to be close to agreeing a $1 billion payment for its involvement in the Libor rate rigging scandal. The Wall ...
Hector Sants - the former head of the City watchdog the Financial Services Authority (FSA) - is to become a game keeper turned poacher after being app...
HSBC will pay US regulators $1.9bn (£1.9bn) as a settlement after it was found to have laundered money for drug cartels, terrorists and so-called rog...
The Bank of England has issued a joint paper with the US's Federal Deposit Insurance Corporation which is designed to lessen the impact of financial i...
The Treasury has announced that peer-to-peer lending will fall under the Financial Conduct Authority for its regulations, adding credibility and boost...
Consumer bankers at Citigroup will be looking over their shoulder for the next few months after the bank announced it will cutting 11,000 jobs worldwi...
Small businesses are not applying for loans from banks, preferring to rely on their savings instead, according to new research. A survey of 2,000 s...
Business loans approvals from banks to SMEs have increased, but applications for lending and overdrafts have fallen, according to figures from the Bri...
The UK's banking sector is in the spotlight once again after the Bank of England's Financial Stability Report revealed a £60 billion black hole in UK...
Business secretary Vince Cable hailed a key coalition promise delivered after launching his Green Investment Bank. The bank, which will be kick-sta...
At a time when more of us are considering starting our own business, wouldn't it be good to have access to a banking expert to set you off on the righ...
Mark Carney has been revealed as the next Bank of England governor, but who is he? Currently the governor for the Bank of Canada and the chair of t...
Mark Carney, the head of Canada's central bank, who once said he was willing to blow the whistle on big financial institutions, has been appointed the...
Banking giant UBS has been fined £29.7 million by the financial services watchdog for its failings which allowed Kweku Adoboli - known as the rogue t...
By August 2011, the bank's risk exposure had ratcheted up to almost $12bn - enough to bankrupt it - but its back office was still blissfully unaware of its full magnitude. How can a fraud on such a scale go undetected for three years?
Benjamin Strong was the first governor of the Federal Reserve from 1914 to 1928. He was also the first economist to use the interest rate to control the aggregate price of goods (the level of inflation), using credit based mechanisms called open market operations as the main tool to achieve his objective.
Leaving aside the alleged and unresolved illegalities, what we are witnessing is an ongoing transfer of wealth upwards, often from those who cannot afford it to those who do not deserve it. It cannot go on forever, and steps need to be taken now to stop this flow.
The risk for the coalition in Downing Street of embracing this British isolationist sentiment is that it does not embody a rational movement, but a spasm.
The new Archbishop of Canterbury will continue to apply the expertise he has acquired from his two careers to the overhaul of banking standards, it wa...
Simon Dixon is a former banker who decided to leave the murky world of investment banking to lead a new peer-to-peer crowdfunding platform, aimed at h...
Your next credit card could have a screen. And yes, there is a reason. MasterCard has just unveiled the Display Card, with the help of security...
