Fears that the eurozone could tip into outright deflation have been fanned as the inflation rate in the currency bloc hit a new five-year low of 0.3%.
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.
Since Matteo Renzi grabbed the Italian premiership in February, Rome has fallen off the radar of most crisis watchers.
Eurozone inflation fell to its lowest level in almost five years in July, bringing the threat of a dangerous deflationary spiral closer.
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.
Bailed-out Lloyds Banking Group appears poised to become the latest financial firm to be penalised for rigging Libor and is said to be facing a fine of between £200m and £300m.
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 name missing from BNP Paribas's grovelling statement of "deep regret" for busting US sanctions was that of Baudouin Prot, the bank's current chairman and former long-serving chief executive.
BNP Paribas, France's biggest bank, has said it deeply regrets misconduct that led to a record-breaking penalty of $8.83bn (£5.2bn) for dealing with countries that were the subject of US sanctions.
BNP Paribas, France’s biggest bank, pleaded guilty to criminal charges and agreed to pay a record-breaking penalty of nearly $8.9bn on Monday for dealing with countries that were the subject of US sanctions.
European leaders reached an agreement with Cyprus early on Monday morning that closes down the island's second-biggest bank and inflicts huge losses on wealthy savers.
Cyprus has become the fifth eurozone nation to seek help from international lenders, but the rescue package includes a hugely unpopular levy on savers at Cypriot banks – and as yet it remains unclear whether the country's MPs will accept it.
The top 1,500 bank staff in the UK earned an average of £1m each in 2011, according to new regulatory filings by major banking employers.