Knight Capital Secures $400m Bailout
US brokerage to receive lifeline from private group of investors after major trading technical malfunction.
Libor Scandals, Risk and Profits: The Changing European Banking Model
As we hit the half-way point in 2012 for banking results, IBTimes UK takes a look at how, should and are European banking models changing in the face of scandals, risky assets, diminishing investment banking revenue and clients.
Geek Speak: London Star Trek Extravaganza Set to Stun [BLOG]
Trekkies excited that major Star Trek convention, with all captains on deck including William Shatner and Patrick Stewart, set to beam down in London, says Lianna Brinded.
Knight Capital Stock Destroyed as NYSE Technology Glitch Wipes Half Off from Value
US-listed Knight Capital’s stock price plummets by half on news that the major trading technology malfunction that affected 140 shares on NYSE will cost the company $440m in pre-tax losses.
Geek Speak: Paintballing - Now with Added Zombies [BLOG]
As zombies become main feature for paintballing and boot camps, Lianna Brinded's Geek Speak looks at the craze sweeping US and UK.
Standard Chartered Shares Rise on Boosted Profits and Dividend
The UK-listed bank fulfilled analyst and own expectations and bucked the trend by posting higher profits and bumping up dividend.
Deutsche Bank Profits Hit by European Debt Crisis as Investment Earnings Plunge
Deutsche Bank reveals a significant decline in investment bank and asset management earnings, following a worsening sovereign debt crisis hurting client activity.
BP Shares Slump After $6.5bn Charge on US Shale Gas Assets and Gulf of Mexico Costs
BP hit by $6.5bn in costs on reduction of US shale gas asset value and post-Gulf of Mexico oil spill payments plus smaller income from TNK-BP oil production.
Libor Euribor Fixing Scandal: Banks Cooperate for Lower Fines
Unnamed banks cooperate for lower fines in Euribor probe but IBTimes UK takes a look at why most banks would do this anyway to gain a discount on fines.
Video Gaming Evolution: Big Business and Even Bigger Growth Potential
As gaming moves more into the spotlight for big business, IBTimes UK takes a look at how the video games industry and its players have evolved and how ratings restrictions won't stop sales growth
Libor Fixing Scandal: HSBC Faces Six Rate Probes as CEO Admits Bank's Failures [VIDEO]
HSBC reveal extent of alleged Libor manipulation probes in its first half earnings report as CEO admits Europe's biggest bank has "lost its way".
UK Enforces Strict 'Pegi' Video Game Ratings System
UK officials apply Pan-European Game Information (Pegi) ratings system to video games in a bid to crackdown on violent gaming
Libor Fixing Scandal: Deutsche Bank Internal Probe to Threaten Capital Boost and Risk Cuts?
Deutsche Bank revealed that it is strengthening its capital base and cutting risk, but is it enough to save its ailing share price and falling profits, in the wake of Libor investigations?
BT Shares Slump on Weak UK Economy Punishing Sales
Stocks in UK's largest fixed-line telecoms company BT lead the losers in the FTSE100 as UK economy hurts spending and impacts on sales
EasyJet Shares Soar as Increased Traffic, Fuel Hedging, Lift Bottom Line
EasyJet revenues 10.5 percent to more than £1bn as nearly 18m passengers board planes in the three months ending in June.
TNK-BP Stake Sale Could Save BP and Open Doors for Foreign Investment
If BP sells its stake in Anglo-Russian joint venture TNK-BP, it will not only be a key turning point in the company's future but it could possibly spur foreign investment into the Russian oil sector, say analysts.
Rosneft bids for BP's stake in TNK-BP
The race to buy BP's stake in equal UK and Russian joint venture TNK-BP has sped up - after Russian state-owned oil company Rosneft revealed it is its interest in potentially acquiring BP's stake at the embattled company.
Ex-Anglo Irish CEO Seán FitzPatrick Arrested as Fraud Probe Widens [VIDEO]
Former CEO of Anglo Irish Seán FitzPatrick arrested in connection with financial irregularities at failed bank, following charges against former head of lending Patrick Whelan and former finance director Willie McAteer.
Rosneft Bids for BP's Stake in Anglo-Russian Venture TNK-BP
Russia's state-owned oil company Rosneft begins talks with BP over its stake in the embattled UK and Russian joint venture TNK-BP
Irish Officials Charge Ex-Anglo Irish Executives Pat Whelan and Willie McAteer
Irish police charge Anglo Irish’s former head of lending Patrick Whelan has been charged over alleged financial irregularities at the bank, in the same investigation involving former finance director Willie McAteer.
Libor Fixing Scandal: Hunt for New Barclays’ CEO and Chairman Continues
As Barclays’ deputy chairman Sir Michael Rake turns down the role of taking over from Chairman Marcus Agius, the race to fill the senior positions including ex-CEO Bob Diamond’s role at the embattled bank continues.
Libor Fixing Scandal: Arrests Imminent As Police Close-In
US and European prosecutors are close to individual traders at banks for colluding to manipulate key global lending rates, says a Reuters report.
Libor Fixing Scandal: Global Banks and Brokers Will Not Join Forces to Reach Settlement
Market sources tell IBTimes UK that banks and brokers under investigation for Libor fixing are unlikely to join forces in reaching a settlement.
Libor Fixing Scandal: Bank of England Hires Lawyers Freshfields Bruckhaus Deringer
Bank of England instruct law firm Freshfields Bruckhaus Deringer to advise on issues related to rate-fixing scandal.
Global Regulators Spur Rate Reviews from Tokyo to Toronto
After Barclays became the first bank to settle with US and UK regulators for a record fine for its conviction of manipulating Libor, global officials have called into question the way global interbank lending rates and submitted, calculated and monit
Credit Suisse Unveils Capital Raising and Cost Cutting Plans
Credit Suisse reveals plan of attack on cutting costs and boosting capital in its second quarter 2012 earnings report.
Nomura Urged to Clean up Banking Culture on Insider Trading Probe
Japan's deputy banking minister Ikko Nakatsuka urges country's biggest brokerage to 'clean its wounds' following investigation into trader tip-offs.
HSBC Head of Compliance David Bagley Steps down over Money Laundering Scandal
David Bagley tells Senate committee he will quit over drugs, Iran and terror links that threatens HSBC charter in US.
Libor Fixing Scandal: BoE’s King Uses TSC Questions to His Advantage
Bank of England governor Mervyn King dodges crucial questions from the Treasury Select Committee on his role in libor affair.
Bank of England Hearing: System can be Manipulated by Collusion, says King
BoE's most senior officials testify before Treasury select committee about level of management in Barclays' Libor fixing scandal.
