12/24/2014
Investment bankers working on corporate takeovers and share issues can expect good news on bonuses after a buoyant year when they return from the holidays, but bond and currency traders face lower payouts.
12/24/2014
Royal Bank of Scotland has frozen the bonuses of 18 traders as part of a continuing review of the alleged rigging of foreign exchange rates.
12/24/2014
The UK is to widen the scope of laws that make rigging of market benchmarks a criminal offence to include seven more rates covering the currency, gold, oil and silver markets by next April.
12/24/2014
The central bank this week put National Bank Trust, Russia’s 15th biggest by retail deposits, under the control of the Deposit Insurance Agency.
12/24/2014
For Centuries the Inner Workings of the Vatican Bank have been Cloaked in Secrecy
12/23/2014
The Financial Conduct Authority has warned of a scammer pretending to be an authorised wealth manager and targeting investors in the UK.
12/23/2014
Two think-tanks are proposing that fund managers in London who do business outside the European Union should be able to negotiate an exemption from European regulation, illustrating the growing Euroscepticism among the UK’s fund management community
12/22/2014
The courtroom victory of the only Swiss banker to beat the U.S. in a trial over offshore tax evasion may embolden other indicted financial workers to leave a legal limbo some have occupied more than five years.
12/22/2014
The FRC said in a statement that the investigation follows the Financial Conduct Authority's £38m (€48m, $59m) fine on Barclays Bank for failing to properly protect client assets worth £16.5bn.
12/22/2014
Top British bankers and other senior executives in the financial services industry are not taking the risk of cyber attacks seriously enough
12/22/2014
Goodwin will have to trawl through hundreds of text messages and emails by order of the court, ahead of a court case against him and other RBS bosses due to take place in 2016
12/22/2014
The central bank also said its Deposit Insurance Agency, responsible for managing crisis-hit lenders, would take over interim supervision of Trust Bank as of Monday.
12/21/2014
Switzerland is introducing a negative interest rate on deposits held by lenders at its central bank, moving to hold down the value of the Swiss franc amid turmoil in global currency markets and expectations that deflation is at hand.
12/21/2014
Gold prices edged higher Thursday after Switzerland's central bank said it would introduce negative interest rates next year and as traders continued to adjust their outlook on US monetary policy.
12/21/2014
The 75-page report by Irish law firm Mason Hayes & Curran, which was commissioned by Ulster Bank, found that “on the contrary”, the evidence suggests that its “driving policy” was to manage its indebted commercial customers thr
12/20/2014
LONDON: Banks are likely to increase their bond market borrowing in 2015 despite heavy intervention from the European Central Bank, especially as they start to focus on new regulatory requirements aimed at buttressing their balance sheets
12/20/2014
Financial Conduct Authority puts pressure on banks to make sure bonus pools reflect currency manipulation fines
12/20/2014
If and when enthusiasm for extreme monetary policy as the cure for all ills dries up, we don’t have many options left
12/20/2014
The Bavarian state bank, who were unavailable for comment on Friday, accuses the British billionaire of bribing one of its executives to influence the 2006 sale of Formula One's rights.
12/19/2014
[VIENNA] A long-running legal tussle between Austria and Bavaria took a new twist Friday as Vienna sued the southern German region's state bank for 3.5 billion euros (S$5.6 billion).