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.
The New York attorney general has sued Barclays, accusing the British bank of misrepresenting the safety of its US-based alternative trading system, or "dark pool", to investors.
The archbishop of Canterbury has called on bankers to show an "inner discipline" in determining pay deals.
Britain's financial sector remains vulnerable to further global shocks and the Bank of England must be ready to rescue banks that run short of funds, Threadneedle Street warned on Thursday.
A former banker visits the only member of Occupy Wall Street to receive a prison sentence: it sounds like the set-up of a joke or a parable of the modern age.
Britain's biggest banks and building societies are to be subjected to a report on their behaviour each year by a new independent body that will assess progress on restoring the reputation of the financial services industry.
Britain's big four banks were forced to set aside £21.5bn to cover fines and customer redress in 2013, according to research published on Wednesday.
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.