JP Morgan's Jamie Dimon Fights Back at US Senate Committee on 'London Whale' Loss [VIDEO]
Dimon defends JP Morgan's banking and risk management practices at US Senate Banking Committee, after Bruno Iksil racked up $2bn in losses at the CIO unit
JPMorgan's $2 billion 'London Whale' Loss Challenges Industry's Risk Measures [VIDEO]
As Jamie Dimon face a US Senate committee over the huge CIO trading loss, IBTimes UK takes a look whether the flawed use of the Value-at-Risk model was to blame for the downfall.
Commerzbank Bank Profits Hit by Investment Unit, European Crisis
Germany's number two bank says it has raised more than €5bn in capital this year
Friday Wrap-Up: Everyone's Sneezing and the Whole World is Starting to Shiver
A tough week for Europe's markets just got worse after grim jobs data from the United States
Former FT Editor Andrew Gowers to Work for Euro-Bankers
Andrew Gowers appointed as head of lobby group for bankers in Europe
Sainsbury's Reports 'Best Christmas Ever' Amid Retail Gloom
Supermarket giant Sainsbury's defies gloomy retail market to report robust trading and record-breaking Christmas sales.
UK Retail Has a Miserable Year and 2012 Looks Bleak
British retailers experienced an increase in administrations in 2011 and predictions look bleak for growth in 2012.
ECB Chief Warns of Debt Contagion Spread
Mario Draghi warns MEPs that debt contagion could spread worldwide as banks face major funding constraint in new year with €750bn in eurobonds called in.
Standard & Poor's: Will Credit Rating Agencies Kill the Eurozone?
Credit rating agency Standard & Poor's (S&P) is giving Europe's finance ministers more bad news, as it says the European Union's (EU) AAA rating is at risk of a downgrade if the Eurozone countries within it have their credit ratings slashed.
'Occupy London Tours' an Insight into the 'Angry Majority's' Mindset
Offering a direct look into the minds of the protesters, the Occupy London protest has launched a new tour service, offering guided tours of London's financial centres.
Apple and Google Dominate: Microsoft CEO Steve Ballmer's Three Biggest Screw-Ups
Analysts have highlighted three key "screw-ups" under CEO Steve Ballmer's watch as pivotal moments that led to Apple and Google's current dominance of markets most expected to be held by Microsoft.
Europe and Asian Markets Set for Worst Quarter Since 2008
The European stock index futures fell on Friday, putting shares on course to record their biggest quarterly decline since 2008 following the collapse of the Lehman Brothers.
Lloyds Banking Group, RBS and Barclays share price down on FTSE 100 as global economy looks grim
Shares in British banks were broadly down on the FTSE 100 in morning as gloom about the global economy descended on the market.
Lloyds Banking Group share price down on FTSE 100 as Greek PM faces confidence vote
Shares in British banks were broadly up on the FTSE 100 in morning trading despite the ongoing crisis that is engulfing Greece.
Lloyds Banking Group, RBS, Barclays and HSBC share price down on FTSE 100 as Greek debt crisis continues
Shares in British banks were down on the FTSE 100 in morning trading as an agreement on Greek debt continued to prove elusive.
Lloyds Banking Group, RBS, Barclays and HSBC share price down on FTSE 100 as Greece edges closer to default
Shares in British banks were down on the FTSE 100 in morning trading as troubles in Greece continued to loom over the market.
Lloyds Banking Group and RBS share price up on FTSE 100 in afternoon trading
Shares in British banks were mixed on the FTSE 100 in afternoon trading HSBC was given an expression of confidence from Goldman Sachs.
Lloyds Banking Group, RBS, Barclays and HSBC share price up on FTSE 100 as Greek bailout deal nears
Shares in British banks were up on the FTSE 100 in morning trading as talks on a second Greek bailout look set to be concluded tomorrow.
Lloyds Banking Group, RBS, Barclays and HSBC share price up on FTSE 100 as Greek bailout 2.0 edges closer
Shares in British banks were up on the FTSE 100 in morning trading as a deal on a second Greek bailout appeared to edge closer today.
Mircrosoft board backs CEO Steve Ballmer
A report from Reuters has claimed that despite David Einhorn's recent call for Steve Ballmer to stand down, Microsoft Corp's board has chosen to stand behind the long-standing CEO.
RBS, Barclays and HSBC share price up on FTSE 100 as US judge backs Barclays in Lehman case
Shares in British banks were up on the FTSE 100 in morning trading after a U.S. judge ruled in favour of Barclays bank in a case looking at the sale of Lehman Brothers assets in 2008.
Lloyds Banking Group share price up on FTSE 100 as Egypt chaos continues
Shares in British banks were broadly down on the FTSE 100 in morning trading as uncertainty continued to reign in Egypt.
CBI head says banker bonuses would be "toxic, arrogant and out of touch"
Richard Lambert, the outgoing Director General of the Confederation of British Industry, has called for an end to "the dialogue of the deaf" between bankers, politicians and the public and has encouraged bankers to abstain from "toxic" bonuses at a time of public sector cuts.
Barclays share price down on FTSE 100 as challenges loom for new CEO Bob Diamond
Shares in Barclays were down on the FTSE 100 in morning trading after the bank said that its investment banking president, Bob Diamond, will be replacing John Varley as CEO at the end of March next year.
Barclays share price down on FTSE 100 ahead of H1 results
Shares in Barclays were down on the FTSE 100 ahead of the banking giant's first half results, which are due out tomorrow and are expected to show an increase in profits.
Barclays shares up on FTSE 100 following positive comments from Morgan Stanley
Shares in Barclays bank were up on the FTSE 100 thanks to positive comments from Morgan Stanley about the banks prospects compared with that of its rivals.