Hedge fund executives in London saw bonuses plummet last year, resulting in their pay packets being less than half of what they were 12 months ago.
The bosses of Britain's 100 biggest listed companies are earning on average 143 times more than their staff, according to data that exposes the growing imbalance between how the nation's workforce and its business leaders are rewarded.
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.
Two of London's most famous streets are now part-owned by Norway's sovereign wealth fund after it paid £343m to snap up a share in an estate covering four acres of the capital's West End.
A senior executive at Standard Chartered bank has complained that bankers are being treated "like criminals" when money laundering rules are broken.
The UK's major banks are exposed to multi-milllion pound fines and lawsuits that could dent their profits, the rating's agency Moody's warned on Tuesday, as it downgraded its outlook for the sector because of new rules intended to prevent another taxpayer bailout.
Anthony Jenkins has put great store on changing the culture at Barclays and restoring trust in the bank through the Transform programme.
Douglas Flint, the chairman of HSBC, clearly thinks he is the new Winston Churchill.
The chairman of HSBC is calling on the government to temporarily delay new rules intended to make the banking industry less vulnerable to crisis.