European shares closed higher after voters in Scotland rejected independence and opted to remain within the United Kingdom.» Read More
One of Britain's smaller banks, championed by lawmakers as an alternative to institutions like Barclays and Royal Bank of Scotland, is floundering. The New York Times reports.
Investors cheered HSBC first quarter results on Tuesday, but analysts said the bank's profit-beat was misleading, and recommended RBS and Lloyds shares.
U.K.-government owned Royal Bank of Scotland said it wanted to start writing the sale prospectus for investors in mid-2014 or earlier.
After five long years of deleveraging, the U.K. banking sector finally looks ready to make a comeback, with 2013 set to be a turnaround year.
U.S. regulator Gary Gensler said the world needs an alternative to the scandal-plagued Libor.
Britain's biggest retail bank Lloyds received more complaints than any of its rivals in the second half of 2012, data published by the U.K.'s financial regulator showed.
James Crosby, former boss of failed British bank HBOS, offered on Tuesday to give up his knighthood and nearly a third of his pension after being denounced by lawmakers for the "colossal failure" that led to his bank's collapse.
Bank chiefs at HBOS, once one of Britain's biggest banks, were condemned as a "model of self-delusion", in a damming report by Britain's Banking Standards Commission on Friday.
A group of shareholders in Royal Bank of Scotland has launched a multi-million pound lawsuit against the state-owned bank for misleading investors at the height of the credit crisis in 2008.
Bank of America agreed to pay $165 million to resolve claims from the U.S. credit union regulator over purchases of mortgage-backed securities by corporate credit unions that have since failed.
U.K. banks will be need to raise an extra 25 billion pounds ($38 billion), the Bank of England's Financial Policy Committee (FPC) said on Wednesday, detailing the capital shortfall facing the country's financial institutions.
European shares finished lower Monday, after comments from the head of the Eurogroup who said a Cyprus bailout deal could be a new template for resolving euro zone banking problems.
German markets watchdog Bafin is set to tell Deutsche Bank of "organizational flaws" in how it supervised its contribution to setting Libor rates, sources familiar with the investigation said.
The head of Britain's central bank called on the government to break up Royal Bank of Scotland so the state-backed lender can return to health and be sold to the private sector.
Europe's biggest bank HSBC posted a pre-tax profit of $20.65 billion for 2012, much lower than the $22.7 billion forecast by analysts in a Reuters poll.
European shares closed higher on Thursday as investors watched to see whether a last-minute deal can avert the $85 billion of automatic spending cuts due in the U.S. on Friday.
Part-nationalized Royal Bank of Scotland said on Thursday it had moved closer to being in a position for the government to start selling its 82 percent stake in the bank.
British state-backed lender Royal Bank of Scotland is set to signal this week that it plans a partial sale of its U.S. bank Citizens this year or next.
Criticized for letting Wall Street off the hook, the Justice Department is building a new model for prosecuting big banks.
Thousands of job losses in London's high-profile banking industry are causing ripple effects across a wide array of businesses that rely on the wealth of City workers.