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.
There may be loads of worthy developments contained in the second-quarter results statements of BP and Shell this week, but there's a chance nobody will be listening.
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.
New York State has become one of the first jurisdictions in the world to propose explicit licenses for companies wanting to carry out business in bitcoin.
The European commission (EC) has praised Google but criticised Apple over the steps both companies are taking to ensure children don't spend money on in-app purchases (IAP) without their parents' permission.
The chairman and three other board members of the Financial Conduct Authority faced calls to quit on Thursday because of conflicts of interest related to the ongoing investigation into the collapse of HBOS.
A global regulatory body chaired by Bank of England governor Mark Carney has found that activity in foreign exchange markets is 10 times greater during a crucial trading period that is already the subject of a wide-ranging international investigation.
The main City regulators have warned former managers of HBOS that they faced possible fines and being banned from the Square Mile after they broadened their investigation into one of Britain's most infamous bank failures.
Britain's financial watchdog will investigate allegations that high frequency traders unfairly steal a march on rival investors as part of a broad "exploratory" review of competition in wholesale financial markets.
Computing multinational Hewlett-Packard (HP) is to pay US regulators $108m to settle a corruption scandal involving employees at subsidiaries in three countries, who were charged with bribing government officials to win and retain lucrative public contracts.
The number of suspicious trades reported to the City regulator has rocketed in the last year, according to official figures.
JP Morgan reached a $5.1bn (£3.2bn) settlement with the US mortgage company regulator on Friday as the bank continues to negotiate with the justice department over what is expected to be an even larger fine related to bond sales.