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Royal Bank of Scotland (RBS) is set to undergo a major scaling-down of its investment banking arm.
Bankers who take unacceptable risks or mis-sell products to customers should be barred, Labour leader Ed Miliband said.
RBS, HSBC and Barclays ignored warnings from third party advisers before selling on billions of dollars of toxic mortgage debt to Fannie Mae and Freddie Mac in the lead-up to the financial crisis, court papers have alleged.
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IFAonline asked three advisers which book, if any, they would recommend as a starting point for clients interested in the world of finance.
JP Morgan Chase is to pay $228m (£143m) to settle claims it rigged transactions of municipal bonds.
Europe's biggest banks must fully disclose their exposure to sovereign debts, as part of a new round of stricter stress tests.
Banks eh? You either hate 'em or you hate 'em. It's our weekly round-up of things we've learned this week...
Banking giant Lloyds is to axe a further 200 jobs across Britain and Ireland.
The new head of the CBI says it would be a “mistake” to break up the UK’s banks.
A conman who posed as an Oxford and Harvard graduate to win a job as the deputy CEO of Ahli United Bank has been given a 50-week prison sentence.
Four of the UK's biggest banks are set to unveil profits of more than £24bn in what will be taken as the clearest sign to date the banking sector is back on track after the global financial crisis.
Financial advisers are the most trusted figures in financial services, particularly in the wake of the banking crisis, research suggests.
Britain's biggest banks are set to pocket around £1bn in profits every single week this year, according to City estimates.
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