Vince Cable has issued a stark warning to Britain's leading boardrooms that they need to crack down on bonuses to restore public trust and avert the threat of fresh legislation to limit executive pay.
Barclays will withdraw from most of its global commodities activities, joining JPMorgan Chase to Morgan Stanley in pulling back as revenue drops.
How best to simplify the bank's sprawling operations and which of its businesses it 'should focus on and invest in'.
Barclays faces a barrage of shareholder anger over excessive pay following another troubling year for the bank.
Former Deutsche Bank salesman Shigeru Echigo admitted to bribery charges in Tokyo and said he acted on instructions from his managers, as authorities push brokerages to be more judicious in entertaining clients.
The Royal Bank of Scotland has promised to sell off its controversial £3bn West Register property portfolio, a legacy of six years of business insolvencies in the wake of the 2008 banking crisis.
The number of fines given out by the main City regulator to senior executives in the financial services sector for misconduct or breach of rules has dropped by 40% in the past four years.
Executives of Goldman Sachs and Morgan Stanley, America’s two largest former investment banks, announced positive earnings on Thursday yet seemed at a loss to explain or predict the path of the economic recovery.
Royal Bank of Scotland has been cleared of deliberately engineering the collapse of business customers but has decided to sell off a £3.2bn property portfolio at the centre of the row.
On a sliding scale of difficulty, writing a general-interest book about high-frequency trading is slightly harder than making baseball statistics interesting, but easier than animating the role played by quantitive analysis in the 2007 financial collapse.