investment banks

The US Congress is finally close to completing the largest policy reform of the financial sector since the 1930s.

Germany's ban on naked short-selling in European sovereign debt, as well as shares in its 10 largest financial institutions, has sent shockwaves through global markets today. Here, M&G's Stefan Isaacs explains why the action appears to be largely symbolic...

The Conservative and Liberal Democrat coalition Government will implement a banking levy and set up an independent commission to investigate separating retail and investment banking.

Guy de Blonay will take up his position as co-manager of the £1.2bn Jupiter Financial Opportunities fund alongside Philip Gibbs on 1 June.

Barclays' pre-tax profit for Q1 soared by 47% on the same period last year to £1.82bn, helped by a reduction in bad debts.

Britain's gross domestic product is expected to have expanded 0.4% in the first quarter of 2010, according to a survey of City economists.

Fabrice Tourre - the bond trader at the heart of Goldman Sachs' fraud case - was on Tuesday barred from working in the City of London in the first 'victory' for financial regulators on both sides of the Atlantic.

Lawyers in the United States were predicting a wave of legal action last night in the wake of the $1bn fraud charge brought against Goldman Sachs by the US Securities and Exchange Commission.

US financial groups face high investor expectations for strong earnings growth in their first-quarter results in spite of subdued markets for equity trading and investment banking in the first three months of 2010.

Banks were told to brace themselves for "payback time", as Alistair Darling put the finishing touches to a Budget that will propose new bank taxes and force them to improve the way they deal with customers and small businesses.