Britain's anti-fraud agency said it has launched a criminal investigation into alleged rigging of the currency market.» Read More
Bob Diamond, chief executive of Barclays, has “very serious questions” to answer about the growing scandal around attempts to manipulate the London Interbank Offered Rate (Libor), UK Chancellor George Osborne said Thursday.
Top U.S. and European bankers, including JPMorgan Chase’s Jamie Dimon and Citigroup’s Vikram Pandit, have enjoyed double-digit annual pay rises averaging almost 12 percent, despite widespread falls in profits and share prices, FT research shows.
As bonus season in the City of London gets underway in earnest next week the first of the UK’s major banks, Royal Bank of Scotland (RBS), announced the bonus package for its chief executive Stephen Hester on Thursday evening and immediately came in for criticism.
A break-up of the single European currency would have severe consequences on the UK economy, with unemployment pushing above 4 million, the pound appreciating sharply and major banks failing, analysts at ING wrote in a market note.
I had been wondering how on earth European banks were going to be able to raise enough capital to meet new regulatory requirements.
Investors need a strong stomach to invest in UK bank stocks. In recent years they have displayed considerable levels of volatility that cannot be wholly explained by the fundamentals of the individual banks. In fact, bank stocks are now arguably the most effective barometer available to measure risk appetite.
Bob Parker, senior advisor at Credit Suisse joined CNBC to discuss Lloyds bank reporting a nine month loss and the corporate impact of periphery debt.
Moody’s downgrade of 12 British banks last week is irrelevant to the current state of the UK banking sector, analysts told CNBC.com, adding that hell has a better chance of freezing than any British bank failing.
Peter Toogood, head of investment at Old Broad Street Research, told CNBC that the Moody's Corporation downgrade of 12 UK banks told investors nothing they did not already know about systemic risk.
Some of Britain’s biggest banks have begun quietly ridding themselves of billions of pounds of assets they have found difficult to sell following the financial crisis, moving them off their balance sheets and into staff pension funds, the FT reports.
UK bank Northern Rock would cease to exist under proposals submitted to the government by one of the leading contenders to take the bank back into private ownership, it emerged on Thursday.
Lord Peter Levene, Lloyd's of London chairman, discusses his tenure ending in October. He weighs in on the insurance industry and recent cyber risks on companies.
Some time this morning, the New York Federal Reserve will buy $4 billion to $5 billion in Treasuries, completing its $600 billion purchase program.
Shares in Lloyds Banking Group jumped over seven percent to the top of the FTSE 100 Thursday after it confirmed the loss of 15,000 jobs over the next two and a half years.
Lloyds Banking Group’s exposure to the riskiest kind of mortgages is more than double that of any of its top five rivals in what is potentially a ticking time bomb for Britain’s largest high-street lender, the FT reports.
It started with Italy — Moody's said it was considering downgrading the creditworthiness of Italian banks.
The British government is considering deleveraging its shares in state-owned banks Lloyds’ Banking Group and Royal Bank of Scotland (RBS) by issuing stock to every taxpayer in the country, it emerged on Monday.
Britain’s banks will argue that they are subject to some of the world’s toughest rules on bonuses and that tougher transparency rules could undermine the UK’s competitiveness. The FT reports.
These four names probably wouldn't make the cut, Cramer said. Here's why.
Britain's top banks are set to need more capital and ring-fence retail banking to shield taxpayers from another crisis in the most radical industry shake-up for decades, which may prompt some banks to leave.