'This is the final nail in the coffin for European banks'.
Bright young professionals from the banking industry have been asked to attend a year-long course run by the Anglican Church, which aims to "reboot" the values of financial services following the global financial crisis.
Wanted: senior managers with banking experience who aren’t afraid of prison and don’t mind having their bonuses snatched back seven years after it’s paid.
The Treasury is to clash with the European Union in a last-ditch effort to overturn a draconian cap on bankers’ bonuses, arguing in Europe’s top court that rules limiting rewards are an unjustified intrusion.
A new generation of bankers are about to get a raise, as firms open wallets to head off defections to investment funds and Silicon Valley.
'I imagined myself with a gun, marching'.
Staff at British banks could be made to hand back bonuses more than six years after the money has been paid to them under a regime that will amount to the world's toughest rules on clawing back remuneration.
Companies going public in Hong Kong are getting the message that less is more.
Financial and business services in the U.K., based in the heart of the capital, are the country's biggest exportable service and are now likely to be the key sector that will help plug the current account deficit and bring it back to balance.
Morgan Stanley chief executive James Gorman said on Tuesday that he does not believe more bankers should have gone to jail for the financial crisis.