Global FX trading hits record $7.5 trln a day - BIS survey
Currency trading has hit a record $7.5 trillion-a-day, a comprehensive new study has shown, with the dollar retaining its global dominance but some signs too that London's position as the world's top trading hub is being eroded by Brexit.
Get cracking with phasing out remaining Libor, UK watchdog says
The financial sector should not bet on remaining deadlines changing for the phasing out of the use of Libor interest rates, Britain's Financial Conduct Authority (FCA) said on Wednesday.
How smart technologies can streamline the hunt for rogue traders
With budgets under pressure, investment banks and asset managers are now asking whether better surveillance controls are possible through more efficient means.
HSBC agrees to pay $101m fine to settle US currency rigging probe
US Department of Justice had launched an investigation into the bank's foreign exchange business.
Deutsche Bank to pay $220m to settle Libor rate rigging probe
Settlement paid to 45 US states after investigation finds that Deutsche manipulated inter-bank lending rates.
Life-saving drones: Australia to use AI-powered UAVs to prevent shark attacks
The AI-backed detection drones will identify sharks and save the lives of civilians stepping into deep waters.
US government files $400bn Libor case lawsuit in London court
Barclays, Lloyds and RBS among the nine banks sued by the Federal Deposit Insurance Corporation
Citigroup follows Barclays in settling US Libor rigging lawsuit
Global bank agrees multimillion settlement to end private antitrust litigation stateside.
UK decides to consign Libor benchmark to dustbin of banking history
End of the road for Libor nears as watchdog FCA says global interest rate benchmark has outlived its usefulness.
Barclays in the dock – the price of constant revolution
Since the 2008 financial crisis Barclays has shed thousands of staff, axed leaders and changed direction – only to change back again.
Thomson Reuters releases blockchain oracle for Enterprise Ethereum and R3 Corda
Thomson Reuters has released BlockOne IQ, its blockchain smart oracle for devs using R3 Corda, EEA and also via Thomson Reuters Developer Network.
Bank of England sets out new money market code of conduct
The central bank said the aim of the new UK Money Markets Code is to bring integrity to City trading.
Secret tape raises fresh questions over Bank of England's role in Libor scandal
Recording of conversation between Barclays bankers appears to implicate central bank in Libor rigging.
Two former Barclays traders acquitted in Libor rate rigging retrial
Ryan Reich and Stylianos Contogoulas were acquitted of charges of conspiracy to defraud in unanimous verdicts.
The Serious Fraud Office hopes the Tesco fine restores its battered reputation
The SFO has taken on some of the UK's biggest corporate names, but has suffered too many defeats.
Three things Bob Diamond has to do to turnaround Panmure Gordon
Former Barclays boss will have to use his contacts to attract new cash and senior talent to revive the City stockbroker.
Lloyds, ICAP Europe and Tullett Prebon dismissed from yen Libor litigation in the US
The dismissal came on 10 March from US district judge George Daniels in Manhattan.
£20m memorial planned for Britons killed in D-Day Landings
The memorial will be in place in time for the 75th anniversary in 2019
Winners and losers: What did this week tell us about the state of Britain's high street banks?
A decade on from the financial crisis, which lenders have adjusted best to high-regulation landscape?
Barclays trebles profits driven by lower litigation charges
The bank saw sales its powerhouse credit card business jump 21% to £4bn.
RBS urged to create 'shareholder committee' to improve corporate governance
The British bank will now be required to put the proposal to a vote at its May 2017 AGM.
Barclays sued by US for alleged fraud in sale of mortgage-backed securities
Barclays is accused of misrepresenting 36 RMBS deals, securitising over $31bn worth of mortgage loans.
RBS, Barclays and other banks fined almost $100m by Swiss regulators over Libor cartels
European and US banks caught in latest round of Libor rate-rigging fines uncovered by the financial crisis.
Former Goldman Sachs trader bitter over £400,000 bonus refuses to return stolen secrets
Ke Xu was arrested in Hong Kong after stealing valuable codes belonging to Trenchant Trading Systems.
How today's machine learning systems would spot another FX or Libor scandal
Tim Estes, CEO, Digital Reasoning, has been invited to talk at IBT's forthcoming data science in capital markets event.
Relief for City as amount of FCA fines falls to lowest level since financial crisis
Financial firms fined a combined £22.2m this year, compared with £905m a year ago.
HSBC and JP Morgan among banks hit with €485m fine for role in Euribor rigging scandal
HSBC, Credit Agricole and JP Morgan fined following five-year investigation into Euribor rigging scandal.
Huawei Mate 9 review: A big-screen beast with a couple of bugbears
Huawei's attempt to fill the Note 7 void brings machine learning and improved software to the table.
Hedge fund investor 'doubles money' on Tower poppies
Just a third of the money raised by last year's Tower of London display went to charity.
Barclays sees profits jump on bond trading as it sells off assets
The bank said it is still in the process of selling off its Africa business.