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.
Libor Scandal: Barclays' Del Missier Claims Libor Fixing 'Was Not Significant'
Ex-Barclays COO Jerry Del Missier tells the Treasury Select Committee that instructions he took to lower Libor rates was not significant during the time of October 2008 and emphasises the Bank of England’s role in the scandal.
Libor Fixing Scandal: Barclays' Del Missier and FSA Officials Testimonies Most Revealing Yet?
Treasury Select Committee testimony by bank's chief operating officer and senior FSA officials could shed light on scam.
London Olympics 2012: 21,000 Media Workers Swoop for Largest Digital Spectacle Ever
London Olympics and Paralympics shaping up to be first truly 'digital Olympics' as media outlets, social media and companies step up coverage.
Two US States Launched Libor Fixing Probe Over Six Months Ago
US states New York and Connecticut launched a probe into the possible manipulation of the London interbank offered rate (Libor) by several global banks, over six months ago
BP-TNK: Russia's Billionaire Owners Seek End Game Over BP Joint Venture
AAR is offering to end years of dispute with BP in deal that could see it acquire 12 percent of British oil major
JP Morgan Earnings: London Whale Loss Was Systematic Failure in CIO Risk Management [VIDEO]
JP Morgan revealed that the losses stemming from the Chief Investment Office's Bruno Iksil stand at $5.8bn and was due to systematic failures in risk management, models, monitoring and escalation.
JP Morgan Earnings: Bank Reveals $5.8bn London Whale Loss For 2012
JP Morgan reports Q2 company earnings, and reveals $4.4bn loss after Chief Investment Office's Bruno Iksil made one of the largest legal trading losses in history. Investor call to follow soon.
Singapore Feels the Sting of the Eurozone Debt Crisis as Economy Contracts
Singapore's fortunes could be taking a U-turn after it posts an unexpected contraction in its economic data, following a fall in manufacturing and exports
Australia, Japan, New Zealand and Thailand to Weather Asia-Pacific GDP Storm
The four countries are tipped by ratings agency S&P to pick up the slack of slowing China GDP growth and others in the Asia-Pacific region, in the face of the faltering Eurozone economies.
HSBC to face US lawmakers over money laundering charges
Barclays is not the only bank in the spotlight for fraud charges at the moment, as HSBC is set to face US lawmakers following a money laundering, drugs and terrorist financing probe.
HSBC To Apologise for Money Laundering and Faces $1bn Fine [VIDEO]
According to an internal memo, HSBC will "acknowledge and apologise" for money laundering within the bank as it faces a $1bn fine from US lawmakers.
Farnborough Airshow: New Orders Amid the Cloudy Aviation Outlook
A multi-billion dollar order for Airbus, UK defence investment in the pipeline and a new helicopter production alliance with AgustaWestland and Russian Helicopters boosts the subdued atmosphere.
China’s next big step towards liberalisation
China has stepped up plans for liberalising its market, after reports reveal that the country is to allow foreign hedge funds to tap into its wealthy citizen base.
Year of the Dragon: China Breathes Fire into Market Liberalisation Plans
This year marks the most pivotal year for China, as its government takes several unprecedented steps towards a more liberalised currency and market.
Libor Fixing Scandal: Definitive Difference in MPs' Questioning of Barclays’ Agius
After Treasury Select Committee criticised for grilling of Barclays’ ex-CEO Bob Diamond, the Agius hearing showed marked difference.
Libor Fixing Scandal: Barclays' Agius 'There was a Failure of Escalation'
Barclays' chairman Marcus Agius 'first aware' of investigation in April 2010, revealing two-year difference with ex-CEO Bob Diamond's account.
Barclays Seeks Extra $1.3bn in Lehman Brothers Appeal
Barclays is seeking an additional cash and asset boost from defunct firm Lehman Brothers, despite winning over $5bn from an American ruling in June.
Serious Fraud Office to Investigate Barclays, Other Banks in Libor Fixing Scandal
The UK's SFO announced that it is going to formally investigate Barclays and possibly others in the Libor fixing scandal
London Olympics: Top Three Crazy Corporate Rules Medalists
In the run-up to the London Olympics, Lianna Brinded awards her own medals of dishonour for the maddest corporate rules that sucks the fun and the spirit out of the greatest spectacle on earth.
London Olympics: David Cameron Predicts Britain Set for Financial Bonanza
With 21 days to go until the London Olympics, UK's Prime Minister David Cameron reveals that Britain will see a multi-billion pound benefit for hosting the London Games.
China Steps Up Currency Liberalisation Plans After Shock Rate Cut
China is aggressively pushing forward with its currency liberalisation plans, after slashing its interest rate in the first time in less than a month
Lessons Learned from Treasury Select Committee Public Flogging of Ex Barclays CEO Bob Diamond
One of the major things learned from Treasury Select Committee grilling of Barclays' newly resigned CEO Bob Diamond, is that they probably won't be up to the task of leading a parliamentary-led inquiry.
Aviva Shake-up: To Axe 16 Business Units and Makes Senior Exec Changes
British insurer announced major changes to senior management and will either sell or close 16 underperforming businesses in a big to shore up cash and boost its share price
Libor Scandal: Barclays' Bob Diamond Says Mistakes, Reprehensible Behaviour and Trader Emails Made me Ill
Ex-Barclays CEO Bob Diamond faces Treasury select committee MPs in tough three-hour grilling.
Mexican Tycoon Carlos Slim To Consolidate European Buys
Despite bidding for Dutch firm KPN and Telekom Austria recently, the world's richest man reveals that he is not planning to make any other telecommunications purchases in Europe for now, according to Reuters.
Barclays in Crisis: UK Criminal Prosecution over Libor Scam Could Be 'Too Difficult'
Corporate barrister Owen Watkins tells IBTimes UK that Barclays' newly resigned CEO Bob Diamond and individuals involved in rate-fixing scandal may avoid UK criminal proceedings.
Barclays in Crisis: Diamond Resignation Only the Beginning of Bank's Challenges
With the twin resignations of CEO Bob Diamond and Chairman Marcus Agius, the IBTimes UK look at the the challenges the bank faces as bank's crisis continues
