The European Union has failed to heed the lessons from Iceland's banking crisis, Bjarni Benediktsson, the finance minister of Iceland, told CNBC.
Asian stocks enjoyed a relief rally on Friday on optimism that U.S. lawmakers would soon reach a deal to avert a debt default.
Britain will on Tuesday launch a much debated program to help people buy their own homes
Asian equities ended the week mostly higher but trade was rangebound due to worries over a U.S. government shutdown.
European shares trimmed losses to close lower on Tuesday, but investors remained cautious about the Federal Reserve's two-day policy meeting.
The U.K.'s Financial Conduct Authority plans to fine Barclays £50 million ($80 million) over its 2008 capital raising, as the investment banking division dragged down income.
Paul Pester, CEO of TSB, says TSB is different from Lloyds, as all its savings will be used to "support the local economy", and discusses the possibility of a sale or listing.
European shares closed higher on Thursday, after both the European Central Bank (ECB) and the Bank of England (BoE) voted to maintain ultra-loose monetary policy.
Helia Ebrahimi, CNBC's UK business editor takes a look at Lloyds banking group and how easy it will be for the government to sell.
Olly Burrows, senior banks analyst at Rabobank, tells CNBC that Lloyds has always been a safe bet and they are doing remarkably well.
Henry M. Paulson Jr. on bonuses during the 2008 financial crisis: “There was such a total lack of awareness from the firms that paid big bonuses during this extraordinary time.”
Banks in the euro zone could offer the best returns, says David Herro, Morningstar's international fund manager of the decade.
All five of the U.K.'s biggest banks posted profits for the first half of 2013, but a report on Monday warned that banks and regulators may be too focused on combating the wrongs of the past to take heed of future threats.
António Horta-Osório, CEO of Lloyds Banking Group, said he aims to start paying out up to 70 percent of the bank's earnings in dividends within three years.
ShaNew Zealander Ross McEwan was confirmed as boss of Royal Bank of Scotland on Friday, tasked with laying the foundations for Britain to start selling its 81 percent stake in the bank.
Singapore sovereign wealth fund GIC said it believes the western banking industry is healing and it has the capacity to invest more in the financial sector.
European shares closed higher on Thursday as investors reacted to strong U.S. and European data, as well as rate decisions from the European Central Bank (ECB) and the Bank of England (BoE).
Some of Europe's largest banks reported better-than-expected earnings on Thursday, despite difficult trading conditions in the region, as a big week for bank results nears its end.
Barclays' cash call, aimed at boosting its capital strength and meeting another hefty mis-selling charge, could bode ill for other U.K. banks such as Lloyds, analysts said.
U.K. bank Lloyds returned to profit in the first half of the year and indicated that it wouldn't be following in the footsteps of rival Barclays by issuing equity to meet capital requirements set by regulators.