Shares in British banks took a dive on the FTSE 100 in morning trading a day after the Libor rate fixing scandal involving Barclays broke.
Libor Rate Fixing Scandal: UK Government's Osborne and Labour's Miliband Call for Criminal Investigation into Barclays
The British finance minister George Osborne and and Leader of the opposition call for a criminal investigation into the Barclays Libor rate fixing scandal that saw the group being fined a record amount by UK and US authorities.
Three of Britain's biggest lenders, RBS, Lloyds and HSBC are among the 17 banks and one broker that are being investigated, following Barclays' involvement in fixing two of the most important interest rates in the global financial markets which resulted in a record fine.
As slew of global bank downgrades by Moody's will add billions in collateral, meaning banks may have to scramble to shore-up their balance sheets.
Banks responded strongly to Moody's analysis, saying the ratings are backward looking.
The crucial Greek vote will set the stage for the country's continuation or exit from the single currency zone.
Bank's chief executive Lloyd Blankfein would be taking a pay cut and receive lower pay compared to his counterparts in JPMorgan and Citigroup, shareholders told.
JP Morgan CEO Jamie Dimon admits that bad investment strategies in the firm's hedging arm caused a huge trading loss.
Credit Suisse raised IHG's full-year 2013 profit earnings per share by 7 percent and observes scope for 32 percent improvement to 2014 consensus estimates, provided sustained trading momentum.
Barclays' Bob Diamond and Aviva's Andrew Moss have felt the wrath of angry shareholders in rows over executive pay.
As Barclays' question CEO Bob Diamond's remuneration package and his colleagues' bonus pool, the debate on executive pay, bankers' bonuses and pay legislation intensifies.
Driven by the recovery in investor confidence and risk appetite, Aberdeen Asset Management reported net new inflows of £1.4 billion during the first two months of 2012. The group is scheduled to release its interim results for the six months ended March 31 on Monday, April 30.
Sony and Universal are having their bids for separate parts of Citigroup-owned EMI probed by EU regulators.
There are fears that in Asia inflation might return due to higher energy prices, food and wage costs as crude oil prices are expected to range between $125 to $128 per barrel. However, though oil prices are high in absolute terms, Brent crude prices are only 10% higher than a year ago and food prices are still comparitively lower than the previous year.
J D Wetherspoon, the developer and manager of public houses, which is scheduled to release its 2012 interim results on Friday, has moderate views for 2012 outlook, due to cost pressures resulting from government legislation, including further increases in excise duty, business rates and carbon tax.
Bovis Homes Group, the builder of traditional homes in England and Wales is scheduled to report its preliminary 2011 results on Monday, February 27 amid reports that Citigroup has assigned "Buy" rating on the stock, while Panmure Gordon recommends "Hold" rating with a target price of 450 pence per share.
Discover the stock-picking strategies for today as recommended by top UK brokers along with ratings.
While lying on its deathbed Kodak is bracing for a legal onslaught from Apple, as the technology giant is seeking permission to sue the bankrupt camera company for intellectual property theft.
The banks are paying settlements to homeowners who they hit hard after the 2008 financial crisis.
Scottish National Party under fire for bringing Scotland to 'brink of UK break-up' after defying Westminster on referendum date.
Once again the credit rating agencies are sending shivers down the markets, as they continue to cast doubt over European economies and banks.
Hot on the heels of the Kindle Fire tablet, Amazon is tipped to be preparing a Fire smartphone, with a bargain basement price tag and Android operating system.
The Royal Bank of Scotland (RBS) is to trial the use of iPhones and iPads among senior staff, replacing their current BlackBerrys in a move that could see RIM lose out to Apple as the business phone of choice.
I was speaking to a young couple from Madrid a couple of weeks back. They were on a camping holiday, a treat paid partly by their respective parents. Things were very bad in Spain they told me and both were most concerned about getting work. The young lady said: "Everybody's going to either Madrid or Barcelona...Really the only two places in the country where you can find anything. It's not good in the north (of Spain) and the south is just devastated."
A Spanish court has decided to reopen an investigation into allegations a Saudi billionaire prince and nephew of King Abdullah, raped a model on a yacht in the Mediterranean three years ago, the AFP reported Wednesday.
U.S Credit Downgrade Closer as Leaders Stall on Austerity Plans
Shares in British banks were broadly down on the FTSE 100 in morning as gloom about the global economy descended on the market.
Shares in British banks were up on the FTSE 100 as positive broker comments outweighed mounting concerns about sovereign debt in the eurozone.
Shares in British banks were up on the FTSE 100 in morning trading following a set of forecast beating results from US banking giant Citigroup yesterday afternoon.
M&S share price rises on FTSE 100 as Robert Swannell announced as Sir Stuart Rose's replacement for Marks & Spencer Chairman
Robert Swannell a Citigroup banker, former vice-chairman in Europe, is to take over from Sir Stuart Rose as M&S' next Chairman from next year when Sir Stuart steps down.