Growth in the world’s $70tn (£43tn) shadow banking system is a risk to financial stability and monitoring of the sector is inadequate, the International Monetary Fund has warned.
Banks handing staff “allowances” to circumvent Brussels’ bonus cap face close scrutiny of their pay deals as a result of new guidelines being drawn up by Europe’s top banking regulator.
Two top City regulators were lambasted by MPs on Tuesday for failing to respond to requests for information, with the warning that parliamentarians were "fed up" with their attitude.
Banks seeking to circumvent the EU's cap on bonuses for top staff could face further action from European regulators, a senior official has warned.
One of the UK's best-known investors has sold all his stock in HSBC, warning that "fine inflation" means the bank is too risky an investment.
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.
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.