Lessons from Ancient History as Barclays Boss Plots RevivalFebruary 08, 2013When Barclays' new boss Antony Jenkins wanted to tell his senior bankers what was in store for them, he gathered all 125 around him in a room styled like an ancient Greek agora to guarantee eye contact and conversation.
Barclays Investment Bank Cutting JobsFebruary 07, 2013Barclays is nearing the completion of a raft of job cuts at its investment bank as part of its new chief executive's plan to streamline operations.
RBS Fined $612 Million for Libor Rate RiggingFebruary 06, 2013Royal Bank of Scotland was fined $612 million and a subsidiary admitted to a criminal offense as regulators nailed a third bank in a global investigation into rigging of benchmark interest rates.
Knight Capital To Cut Workforce by 5 PercentFebruary 05, 2013Former CIO Steven Sadoff among executives departing as Knight Capital will lay off 5 percent of its global workforce as part of efforts to restructure the automated trading firm.
New Measures to Lift Veil on Banks' Capital RatiosFebruary 04, 2013The game may soon be up for banks
that have made themselves look healthier by understating how
risky their businesses are, which should help pension funds,
savers and companies to decide which institutions to invest in.
Deutsche Bank Swallows $4 Bln of Charges for Clean UpJanuary 31, 2013Deutsche Bank plunged to its worst quarterly loss in four years on Thursday after it took nearly $4 billion in charges to try and draw a line under a slew of scandals and boost its balance sheet without asking shareholders for cash.
From RIM to BlackBerry, A Company in TransitionJanuary 30, 2013Research In Motion Ltd
has launched its new line of re-engineered BlackBerry
smartphones, taking the wraps off the long-delayed devices at a
series of events around the world on Wednesday.
Peregrine Financial's ex-CEO's ex-Wife Sued Over Divorce MoneyJanuary 28, 2013Some of the more than $100 million
Peregrine Financial's former chief executive stole from his
brokerage's clients went to pay for his divorce settlement, the
trustee of the now-bankrupt brokerage said in a lawsuit late
Friday against the former wife.
Banks Try to Put Past Sins Behind Them at DavosJanuary 24, 2013Leaders of the world's largest banks have gone some way to persuading investors that their industry's near-death experience is over, even though the public still don't trust them.
Peregrine Financial Fraud Loss Exceeds $200 MlnJanuary 23, 2013Peregrine Financial Group's former chief
executive embezzled more than $215 million from customers of his
now-defunct futures brokerage, U.S. prosecutors said in court
documents filed on Tuesday.