investment banks

Swiss investment bank UBS is set to sue US stock exchange Nasdaq over its mis-handling of the Facebook flotation, after it emerged today its bet on the firm cost it $356m.

Stephen Hester, chief executive of the Royal Bank of Scotland, has admitted his bank will face a significant fine over the rate-rigging scandal which has thrown Barclays into the spotlight in recent weeks.

The European Commission has cracked down on the fixing of interest rates in the latest twist to the LIBOR scandal, which has dominated headlines in recent weeks.

Former Cabinet Secretary Lord O'Donnell has emerged as one of the leading frontrunners to take the role of Barclays chairman.

Richard Wilmot, manager of Newton's £1.3bn UK Equity fund, has made a foray into the UK banking sector, snapping up shares in Barclays.

Regulators have turned their attention to at least four of Europe's largest banks in a continued investigation of manipulation of the LIBOR benchmark interest rate.

Eurozone economies are in critical danger and in dire need of expansive quantitative easing measures from the ECB, according to an International Monetary Fund (IMF) staff report.

Invesco Perpetual's Paul Causer, Paul Read and Nick Mustoe have invested over 75% of their new Global Financials fund into banks, the fund's first monthly update reveals.

The team behind Majedie's £1.1bn UK Equity fund has bought back into miners, having avoided them for most of the second quarter.

European authorities are pushing Spanish banks to write off their preferred shares and subordinated bonds, in a move which could see small savers lose billions of euros.