HSBC has given 15 of its top bankers “fixed pay allowance arrangements” worth £7.1m under a controversial new pay scheme designed to dodge tough new European Union rules on bankers’ bonuses.
A senior executive at Standard Chartered bank has complained that bankers are being treated "like criminals" when money laundering rules are broken.
The UK's major banks are exposed to multi-milllion pound fines and lawsuits that could dent their profits, the rating's agency Moody's warned on Tuesday, as it downgraded its outlook for the sector because of new rules intended to prevent another taxpayer bailout.
Douglas Flint, the chairman of HSBC, clearly thinks he is the new Winston Churchill.
The chairman of HSBC is calling on the government to temporarily delay new rules intended to make the banking industry less vulnerable to crisis.
Allegations about the way Royal Bank of Scotland treats its small businesses have resurfaced after senior executives from the bailed-out bank were accused of being "wilfully obtuse" when giving evidence to MPS.
More than a dozen hedge funds, with assistance of Barclays and Deutsche Bank, used “dubious” financial products to claim billions in unjustified tax savings and circumvent rules meant to limit risky bets, a Senate subcommittee investigation has found.
The main City regulators have warned former managers of HBOS that they faced possible fines and being banned from the Square Mile after they broadened their investigation into one of Britain's most infamous bank failures.
The Vatican bank has announced a plunge in net profit last year after a "painful but necessary process" of reform saw it close thousands of accounts, wind up investments and hire expensive external experts to help with the clean-up.
Senior bankers will face up to seven years in jail if they are found to have committed a new offence of reckless misconduct being proposed by the government as part of a series of measures to clean up the City in the wake of the 2008 banking crisis.
The guys at the top really haven't a clue.