Things we're reading today include: Wall Street bonuses to rise 5 to 10 percent this year: consultant 'Treasury gave green light for Co-op mergers' India eases rules for foreign banks FCA orders Lloyds currency investigation Ex-CEO of collapsed Virginia bank gets 23 years for fraud Twitter founder Jack Dorsey 'to float credit card company Square'…
Things we're reading today include … OFT instructed Wonga to make changes to its business Payday lenders face tough MP questions Payday loan rollover plan challenged Barclays prevented from ending Somali 'lifeline' Barclays to axe around 450 staff Barclays' chief economist joins Bank to shore up forecasting RBS and HSBC 'face fines' over Euribor rigging…
Things we're reading today include … HSBC profits seen up 10 percent as cost cuts pay off HSBC optimistic on growth HSBC adds name to banks in currency investigation Co-op Bank to closes 50 branches as it announces revised rescue plan Co-op Bank rescue: lender could take five years to return to profit Co-op faces…
Things we're reading today include: Cyber war is being won by ‘crook stars’ UK 'fastest-growing Western economy' The Wall Street boss glad she was sacked Goldman plans $250m ‘social impact’ fund HSBC sees profits surge by 30% Co-op Bank to cut branch network as it announces revised rescue plan Zurich reviews uncover no undue pressure…
Things we're reading today include … Credit Suisse dismisses trader who cost bank $6 million: WSJ Barclays and RBS named in $800m US Libor lawsuit RBS prepares to unveil new 'bad bank' New proposals to toughen bank trade rules Barclays and RBS sued by Fannie Mae over Libor scandal PwC plans to swallow Booz &…
Things we're reading today include … That’s handy… world’s first ATM for bitcoins opens in Vancouver cafe Brokers warn FCA reforms will hit jobs Sins of past, present and future haunt banks Barclays faces investigation into currency trading manipulation JP Morgan puts London FX chief on leave, Citi reported to do same Goldman cracks down…
Things we're reading today include … If RBS needs a bad bank why doesn't Lloyds? Investment banking slowdown to hit European lenders Deutsche Bank hit by €1.2bn legal charge World Bank: Easier to start a company in Afghanistan than UK Japan's financial regulator to probe country's top banks Lloyds profits as bad debts fall but…
Things we're reading today include … Clean up eurozone banks, urges ECB Ex-Credit Suisse chairman calls Dougan's 90 million Swiss francs payout a 'mistake' Big banks muscle in on peer-to-peer lending Britain to become first non-Muslim country to launch sharia bond Deutsche Bank profit slammed by legal charges Deutsche Boerse gets offer from U.S. to…
Things we're reading today include … Businesses warn on bank ring-fence plans Cash cheques without going near a bank The rise of the digital bank RBS 'bad bank' decision looms Mizuho 'did not' hide gangster loans City’s female high-flyer total doubles in a year Lloyds head Antonio Horta-Osório to see £2.5m bonus at bailed-out bank…
