Wealth managers

The alleged rogue trader at the heart of a multi-billion pound fraud investigation has pleaded not guilty to two charges of false accounting and two of fraud.

The chief executive of Royal Bank of Scotland Stephen Hester has bowed to mounting public anger and agreed to give up a £1m bonus.

Royal Bank of Scotland (RBS) boss Stephen Hester is being urged to turn down a £963,000 bonus in shares awarded to him by the bank.

The Bank of England has proposed setting up an internal oversight committee to monitor and assess the processes employed in making financial stability policy decisions.

10 FACTS ABOUT FATCA

Swiss National Bank chairman Philipp Hildebrand will receive a CHF900,000 (£615,000) payoff as he leaves the central bank following a scandal over his wife's currency trades.

The Royal Bank of Scotland (RBS) today announced its plan to cut 3,500 jobs as part of a reorganisation of its investment bank, which will see the sale or closure of the equities and corporate broking divisions.

Prime minister David Cameron has promised shareholders a binding vote on executive pay to try curbing excessive salaries.

Britons rank second in a list of non-US nationals most keen to tip America's regulators off about suspected financial crime, according to the first annual report on the Securities & Exchange Commission's whistleblower programme.

Special advisers to the Treasury Select Committee have revealed they felt compelled to press the Financial Services Authority to better scrutinise its role in the downfall of Royal Bank of Scotland.