Brussels has unveiled plans to police financial market benchmarks in an attempt to prevent a repeat of the Libor and Euribor rigging scandals that erupted across the City and other financial centres last year.
Banks risk fines as high as 10% of their yearly sales for failing to set up adequate safeguards to combat benchmark rigging, under European Union anti-manipulation rules to be presented today.
The potential impact on the City of London if Britain leaves the EU was discussed last night in a debate at Guildhall sponsored by the Evening Standard, the City of London Corporation, GVA and the Centre for London.
Plans by Italian lender Banca Monte dei Paschi di Siena (BMPS) to raise over double its planned capital increase under a new bailout program have won the support of the European Union's antitrust regulator.
Confidential documents have revealed the formidable lobbying operation waged by a tobacco giant seeking to undermine efforts to make cigarettes less attractive to children and women, and force packs to carry larger health warnings.
Will it impact you ?
Youth unemployment in Spain has reached a new high of 56.1%, a quarter of the 3.5 million under-25s jobless across the eurozone, according to the latest Eurostat figures.
Despite a spate of upbeat economic data for the U.K. over recent weeks, wages in the country have seen one of the steepest falls in Europe, according to new data.
Financial services companies could be forced to set targets for the number of senior women they employ and publish diversity policies under proposals outlined by City regulators.
The Bank of England has voted to leave UK interest rates at their current record low of 0.5% and decided against a further round of government bond-buying, amid signs of recovery in the UK economy.
After nearly a year of negotiation, Google has submitted a package of concessions to the European commission to head off an antitrust investigation that has ground on for two and a half years.
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.