RBS said it would take a surprise 3.58 billion hit to its fourth-quarter profits after setting aside more cash to cover litigation costs.» Read More
Former hedge fund manager Raoul Pal predicts several big European banks could be on the verge of bankruptcy.
The verdict is a setback for U.K. authorities, who some say are not aggressive enough on financial crime, the NYT reports.
European markets eked out gains Wednesday as investors tried to shake off oil's fluctuations and disappointing earnings.
Barclays will cut about 230 jobs and exit cash equities in Asia, as part of a broader retrenchment, the FT reports.
Barclays will announce more than 1,000 job cuts across its investment bank, hitting its Asian operations particularly hard.
As the face of China's securities regulator, Xiao Gang is taking the brunt of blame for the country's botched circuit breaker.
European equities finished lower on Wednesday as investors fretted over renewed weakness in global commodity markets.
Dec 21- A bond trader pleaded guilty on Monday to conspiring to defraud Royal Bank of Scotland Group Plc customers by misrepresenting the prices of bond transactions he and others handled for them in an effort to boost the bank's profit. Adam Siegel, 37, pleaded guilty in federal court in Hartford, Connecticut, for participating in a multimillion-dollar...
European equities closed mixed on Tuesday, despite figures on EU unemployment showing the region taking a step in the right direction.
Royal Bank of Scotland and Standard Chartered, the U.K.-based banks, scraped through the country's bank stress tests.
A class action lawsuit accuses banks of conspiring to limit competition in the $320 trillion market for interest rate swaps.
The class action lawsuit, filed in U.S. District Court in Manhattan, accuses Goldman Sachs Group, Bank of America Merrill Lynch, JPMorgan Chase, Citigroup, Credit Suisse Group, Barclays Plc, BNP Paribas SA, UBS, Deutsche Bank AG, and the Royal Bank of Scotland of colluding to prevent the trading of interest rate swaps on electronic exchanges, like the ones on which...
NEW YORK, Nov 25- A class action lawsuit, filed Wednesday, accuses 10 of Wall Street's biggest banks and two trading platforms of conspiring to limit competition in the US $320 trillion market for interest rate swaps. The class action lawsuit, filed in U.S. District Court in Manhattan, accuses Goldman Sachs, Bank of America Merrill Lynch, JPMorgan Chase, Citigroup,...
In the largest European bank listing since the 2008 financial crisis, shares in the IPO of ABN Amro have been valued at $19 each.
U.S. stock futures were higher this morning, despite European equities being under pressure on security concerns after Friday's attacks in Paris.
NEW YORK, Nov 2- Barclays Plc agreed to pay $94 million to settle U.S. antitrust litigation in which investors accused 11 banks of conspiring to manipulate the benchmark European Interbank Offered Rate and related derivatives. Kenneth Feinberg, a prominent mediator who helped broker the accord, said in an affidavit "this first and early settlement with...
NEW YORK, Nov 2- Barclays Plc agreed to pay $94 million to settle U.S. antitrust litigation by investors that accused 11 banks of conspiring to manipulate the benchmark European Interbank Offered Rate and related derivatives. Kenneth Feinberg, a prominent mediator who helped broker the accord, said in an affidavit "this first and early settlement with Barclays...
Regulators have been out for blood against banks for conduct both before the crisis and since.
With a week to go in October, Wall Street has, thus far, had its best month in four years. This week's big drivers include the Fed's two-day meeting and the continued flood of profit reports.
Ahead of more earnings report cards this week, are you thinking about getting into U.K. banking shares?