U.S. credit card processing firm Vantiv announced plans to merge with Worldpay, the U.K.'s largest payment processing firm, on Wednesday.
Worldpay Group, Britain's largest payment processor, on Tuesday received rival bid approaches from U.S. credit card technology firm Vantiv and JPMorgan Chase.
British lender Royal Bank of Scotland is planning to cut 443 jobs dealing with business loans and many of them will move to India, the bank said.
Russia accused Britain of political censorship after a British state-owned bank withdrew its services from Kremlin-backed broadcaster RT.
Barclays has reached a $100 million settlement over charges that it manipulated Libor and Euribor interest rate benchmarks.
In this week's Trader Poll, tell us if you are short or buy sterling and the FTSE.
The Brexit vote is impacting stocks around the world particularly in European banking, energy and gold.
The U.S. Department of Justice is pushing for 5 banks to resolve charges they manipulated FX markets in a mega settlement in mid-May, the FT reported.
The Chinese central bank's second rate cut in three months is insufficient, and more easing steps are needed, say economists.
The Justice Department is pushing some of the biggest banks on Wall Street to plead guilty to charges that they manipulated foreign currency prices.
The CEO of one of Europe's biggest asset managers has warned that markets will undoubtedly face a tough day on Friday.
Beijing is playing it safe, choosing gradual progress on many fronts over riskier reforms such as removing all controls over bank interest rates.
The SEC is looking into complex bond deals on Wall Street that may create new opportunities for fraud, The Wall Street Journal reported.
Royal Bank of Scotland is preparing a dramatic retrenchment that would see it become a much smaller U.K. retail and commercial bank. The FT reports.
Bob Parker, senior advisor at Credit Suisse, comments on the U.K government's decision to cap RBS's cash bonus and explains why he thinks it's a "stupid idea."
Regulators are probing whether several big banks deliberately mispriced mortgage bonds in the years following the financial crisis, the WSJ reported.
CNBC's Helia Ebrahimi discusses the $100 million fine for the Royal Bank of Scotland to settle the probe into whether the bank violated U.S. sanctions laws against Iran, Sudan, Burma and Cuba.
CNBC's Helia Ebrahimi discusses the departure of RBS's finance director Nathan Bostock and what it means for the bank.
The probe into foreign exchange manipulation has widened to include the world's biggest banks and actively traded currencies. The FT reports.
Philippe Bodereau, head of pan-European credit research at Pimco, discusses the banking sector, and expects other U.K. banks to follow RBS and raise their capital ratios.