FINANCE & BANKING

Citigroup to disclose costs tied to urban-centric strategy later this year.

Blankfein made the comment at the World Economic Forum 2014 in Davos, Switzerland.

McDonald's France confirmed on Wednesday (January 22) that tax inspectors visited its local headquarters but denied any wrongdoing after French media reported it had transferred over €2.2 billion abroad since 2009 to dodge taxes.

Standard Bank failed in its AML protocols regarding high risk customers.

Regulators must box in 'animal spirits' of finance sector or same mistakes will be repeated in long-term.

Deal would make DBS Asia's sixth or seventh largest private bank.

UK Treasury challenged European Securities and Markets Authority emergency power to ban short-selling in EU member states.

UniCredit boss Federico Ghizzoni says that big lenders don't need more long term refinancing from European Central Bank.

Bill Gross's right-hand man stands down as chief executive of Pimco.

Monsignor Nunzio Scarano originally accused of taking €20m in cash from Switzerland aboard government plane.

The University of Cumbria is the UK's first to accept tuition fee payments in bitcoins.

EU financial regulator can ban short-selling under emergency powers, but UK wants legal clarity.

Pensions expert John Ralfe has written a letter to John Welby raising his concerns about pensions.

More people are using high-speed 4G connections on their smartphones but European operators are not reaping the rewards.

German shares opened lower on Monday (January 20), tracking losses on Wall Street and in Asia, with banking shares coming under scrutiny after Deutsche Bank posted a surprise pre-tax loss of €1.15 billion (£950 million).

BBC is looking to slash celebrity pay by 25% after pushing them onto permanent contracts

BoE policymaker David Miles co-authors report which says unwinding of QE is not necessarily dangerous.

Criminal Enforcement and Financial Crimes Bureau to target bad actors in financial industry.

Paul Coyle, head of tax at Morrisons, named in reports as man arrested by FCA.

The Financial Reporting Council has started investigating KPMG's auditing of the Co-op Bank

Britain's banks and financial services firms have axed the number of job vacancies across London as they struggle to keep costs down following increased regulatory expenses and fines stemming from a variety of scandals.

Scottish government begins debt campaign to help people avoid payday lenders.

Top BBC stars including Jeremy Paxman face a 25% cut in salary

CBI/PwC financial services data shows 69% of firms are optimistic about the overall business situation

CER says UK would struggle to maintain trade with other EU member states if it left.

HSBC is the latest in a line of banks to suspend FX traders.

Leading bookmaker heeds pressure to follow industry code to be introduced in March.

Rewards follow alleged higher revenue from arranging sales of stocks and high-yield bonds

Hong Kong-based research firm says bank has overstated its assets by £50bn.