Eight banks involved in a currency rigging lawsuit have agreed to pay $2 billion in a settlement.» Read More
U.K. lender reports a worse-than-expected profit as the state-backed company detailed its restructuring plans -- including the divestment of assets.
Markit, the financial data company set up by a former trader in his shed, is set to mark its evolution with a share offering in New York this year.
Malpractice continues in the banking world and "bag eggs" remain, warned Bill Winters, former JPMorgan executive.
More than a dozen banks are being probed by the NY Department of Financial Services regarding possible manipulation in the foreign exchange markets.
British insurer RSA has appointed former Royal Bank of Scotland boss Stephen Hester as its new chief executive with immediate effect.
U.K. companies' legal liabilities soared 12 percent in 2013, driven by the hefty fines slapped on banks, new analysis shows.
The European Commission has outlined plans to crack down on banks' risky trading activities in an effort to put an end to lenders deemed "too big to fail."
European equities closed the session in positive territory after consumer data and earnings in the U.S. helped to boost sentiment in afternoon trade.
January lived up to its reputation as being the leanest month Tuesday as several of London's major financial institutions announced swinging cutbacks.
RBS is taking billions of pounds in extra charges to cover the cost of past misdeeds, sending it deep into the red.
ABN Amro broke most banking stereotypes when its chairman dressed up in drag and masqueraded as a brothel owner at a corporate event.
Wall Street could pay nearly $50 billion to buy peace from federal authorities, according to interviews and a confidential analysis, the NYT reports.
A knight or damehood might seem like a quaintly medieval way of rewarding a career in business - but the system has proved controversial.
China’s money market rates hit their highest level on Thursday since a cash crunch in June that sent jitters through global markets.
The first sale of state-owned shares in Lloyds Banking Group resulted in a £230 million loss for taxpayers. The FT reports.
Royal Bank of Scotland will pay $100 million to resolve U.S. probes into whether the bank violated U.S. sanctions laws against Iran, Sudan, Burma and Cuba.
European equities closed lower on Wednesday after a U.S. budget deal added to expectations the Fed will scale back stimulus soon.
Royal Bank of Scotland said its finance director, Nathan Bostock, had resigned to join Spanish bank Santander after just 10 weeks in the job.
It's time for bond traders to place their bets on whether the Fed is ready to begin tapering its bond buying program.
Having gone bust more than a year ago, Peacocks is really living up to its name. The failed fashion chain is preening for all it's worth.