The euro dropped sharply ahead of the ECB policy meeting, and some analysts see a rapid decline to parity against the U.S. dollar.» Read More
Indians overseas have helped the country avert past economic crises, so policymakers are pleading with them to plug a trade gap that is punishing the currency.
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.”
The U.K. banking regulator says it has reached a deal with 13 major banks and credit card issuers to compensate customers who were mis-sold credit card protection.
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.
Could Europe actually drive the next leg of the bull? When PIIGS fly!
Britain's largely state-owned Royal Bank of Scotland is unlikely to be reprivatized before 2018, Business Secretary Vince Cable said in an interview published on The Telegraph newspaper website.
Ross McEwan's appointment as chief executive of Royal Bank of Scotland marked the latest phase in the return of retail banking to center stage.
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.
Royal Bank of Scotland is looking to appoint its former head of retail banking, Ross McEwan, as the new chief executive to replace Stephen Hester.
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.
It’s time for the Lightning Round. Cramer makes the call on viewer favorites.
UBS will pay $885 million in a settlement with a U.S. regulator over allegations the Swiss bank misrepresented mortgage-backed bonds during the housing bubble.
There are two classes of London bankers. Both, ostensibly do the same job. But, their pay structures are quite different.
The Royal Bank of Scotland (RBS), has launched a major inquiry into the way it lends money to small- and medium-sized businesses.
The universal banking model is under attack by regulators. Some new rules could potentially force Deutsche Bank to separate its investment banking activities from the business of taking consumer deposits and writing loans, the NYT reports.
The banking watchdog said the aggregate capital shortfall at five major U.K. banks at the end of 2012 was 27.1 billion pounds, slightly higher than its 25 billion initial estimate in March this year.
George Osborne renewed his commitment to promote competition in retail banking on Wednesday, and inquired into the effects of mandatory branch sales by Lloyds and RBS.