Shares at Barclays closed down 15.53 percent and other big players in the sector also took a hit, as analysts fear the effects of the interest rates scandal could be very serious for the UK financial ...
Barclays has been told to pay up after it was discovered they had been influencing the Libor and the Euribor as far back as 2005, which may have led to customers being charged too much for credit card...
Three new developments have put huge pressure on EU governments to come to a unanimous decision at the two-day debt summit on Thursday and Friday. Cyprus became the fifth eurozone country to ask for a...
The plan was announced after the Fed decided it would not use further quantitative easing to counteract slow market growth, but instead make it easier for households and businesses to cut their long-t...
Italian prime minister Mario Monti suggested using the European Financial Stability Facility’s (EFSF) €440bn rescue subsidy to buy open market peripheral bonds in an attempt to counteract the risi...
The group will continue discussions to focus on breaking the link between banks and sovereigns, and tackle other problems like employment growth in the region. The lack of progress being made is said ...
“Uncertain,” “Paralysing,” and “Pessimistic.” Those were the words Sir Mervyn King used to describe the effects the eurozone crisis has had on the UK economy at his annual Mansion House sp...
The country’s credit rating now teeters barely above junk status, amid growing fears it will sink still further after being shut out of international markets. The borrowing interest rates currently ...
The predictions come as the trade evolves beyond its entrepreneurial, private roots to meet investor and regulator demands for greater transparency and more robust operations. A recent Citigroup surve...
In an unexpected reversal of course, Rajat Gupta, the former Goldman Sachs director accused of insider trading, will not testify in his trial according to a letter to the presiding judge. The letter i...