The Bank of England has launched an investigation into the collapse of a £2 billion British shadow bank, a development that has intensified fears regarding the stability of the financial
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The Financial Conduct Authority has fined John Wood Group £13 million for publishing inaccurate financial results. The fine comes as the engineering group prepares for a forthcoming takeover by a
In a significant move, American banking giant Citi is poised to eliminate the bonus cap for its London-based investment bankers. This decision comes on the heels of the Conservative government’s
In a significant move, Barclays has become the first UK bank to officially lift the cap on bankers’ bonuses, a restriction originally imposed by the EU. This decision, announced through
