Barclays was hit by a $108.5 million fine on Thursday as it allegedly worked with super-rich clients in a way that could have facilitated financial crime.» Read More
The Bank of England's injection of 175 billion pounds ($289 billion) into the economy hasn't yet pulled Britain out of recession, and the central bank now faces a difficult decision on whether to raise the stakes.
Despite recent warnings that the rally may be over, stock markets face a "meltup" as institutional investors will now feel obliged to buy to deliver returns, Philippe Gijsels, senior equity strategist at Fortis, told CNBC Monday.
The decade that brought us the Enron scandal, the Madoff scandal, the subprime scandal, the Stanford scandal and the great bailout scandal has just two months to run and we have another scandal, the Rajaratnam scandal.
Stuck for what to get your loved ones for Christmas? Well if you stop by London's glitzy Harrods store, you could get some gold bullion to put in the stocking.
When bond yields begin to return to their long term average expect money to pour out of equities. Until that moment factors such as profits, revenues and growth may have less of an impact on the equity market than you might think.
America and China have a problem. A very big multi-trillion dollar problem that shows no sign of going away whatever the financial crisis throws at it.
Vote for us and we promise austerity but at least we are in it all together! George Osborne in his eagerly anticipated speech to the Conservative Party Conference took aim at the Labour Government’s bloated budget deficit, promising savings of £23 billion pounds ($36.8 million) over the course of the next 5 years if elected next May.
What the bond markets really want to hear from Shadow Chancellor of the Exchequer George Osborne is a credible plan for slashing billions of pounds in spending whilst at the same time not cutting off any economic recovery.
A blonde bombshell struck as the Conservative Party gathered. I am not talking Paris Hilton or Lady Gaga but a political rock star, London Mayor Boris Johnson, who says he wants a referendum on the Lisbon Treaty after being asked about the prospect of Tony Blair becoming the next president of the EU.
Twenty-two large banks in Europe may have accumulated credit losses of close to $580 billion for this year and next, the New York Times reports.
London and New York still hold the top spots as the world’s most competitive financial centers, but the economic crisis has seen Asian cities such as Hong Kong and Singapore surge up the rankings, according to the Global Financial Centres Index.
New York City beat London by a whisker to become the best city in the world according to a panel of Time Out judges, who voted on the cities considering criteria such as architecture, arts, food and drink, the city's buzz and quality of life.
The Bank of England is expected to hold interest rates at record lows and continue with its program to boost the money supply on Thursday despite growing signs of an economic recovery.
Thanks to modern technology, the Fab Four are taking the world by storm once again – and while money still can't buy you love, it can buy you a piece of the companies who are reviving BeatleMania.
House prices in Britain rose by 1.6 percent in August, slowing the annual fall in prices as low interest rates helped support the market, a major mortgage lender said Thursday.
Londoners needing to grab some sausage and mash (cash) from their rattle and tank (bank) when they’re out and about in the East End are now in luck. Cockney cash machines have been launched across the London district to celebrate the local lingo.
Not only has the recession failed to take a bite out of London's restaurants, but a combination of a weaker pound, a temporary tax cut and a surprise boost in disposable income has pushed the closure rate for the capital’s eateries to its lowest since 2000, a survey showed.
Britain's system of free health are for all, the National Health Service, will likely run into problems because it will be impossible to fund over the long term, Peter Toogood, head of investment at Old Broad Street Research, told CNBC Monday.
Stock markets will probably continue to rise as the world recovery has just begun and many investors who have been on the sidelines will finally jump in, investment officers and strategists told CNBC Monday.
America’s iconic Greyhound coaches will hit the road in the UK this September as owner FirstGroup looks to tap the brand’s North American success for the British market.