Barclays is on track or ahead of schedule on all six elements of its turnaround plan, said its chief executive, Antony Jenkins, on Wednesday. Since this plan is only two months old, and in any case represents plan B, this is not quite the triumph it might sound.
The bosses of leading City firms are to be made more accountable for their actions under proposals that could make them wait up to seven years for their bonuses and potentially be jailed if their banks fail.
The U.K. authorities have announced plans which could involve banks demanding the repayment of seven-year-old bonuses.
The cost of the payment protection insurance scandal escalated again on Wednesday as Barclays took another £900m provision to cover the costs of compensating customers mis-sold the insurance product.
Two more banks – UBS and Deutsche Bank – have been drawn in to the controversy over "dark pools", the private trading systems recently highlighted by bestselling author Michael Lewis in his latest book on Wall Street.
Doctors have been swearing the Hippocratic Oath since the fifth century BC, where they promise to "do no harm" to their patients.
Lloyds Banking Group has suspended seven employees after it was hit with a £226m bill from regulators on both sides of the Atlantic for rigging crucial interest rates.
The Libor-rigging scandal took a new twist on Monday when Lloyds Banking Group faced accusations of unlawful behaviour after being ordered pay compensation to the Bank of England for manipulating the fees it paid for emergency funding during the height of the banking crisis.
HSBC, Deutsche Bank and the Bank of Nova Scotia have been accused of attempting to rig the price of silver in the latest price fixing scandal to rock the banking industry.
Lloyds Banking Group is close to reaching a settlement with regulators over how much it should pay out for its role in the Libor-rigging scandal, the bailed-out bank has confirmed for the first time.