News

HSBC's Mexican business has been fined $27.5m for failing to comply with anti-money laundering regulations.

Shares in Royal Dutch Shell fell almost 4% this morning as the weak oil price and North American gas prices dragged on profits in the second quarter.

Business Secretary Vince Cable has thrown open a potential challenge to George Osborne's role as Chancellor of the Exchequer after claiming he would "make a good chancellor".

LGIM's head of European equities Gavin Launder has argued the three-month long short selling ban imposed on Spanish securities will have no material impact on the market.

Lloyds Banking Group has reported a loss of £439m in the first half of the year, after the bank was forced to set aside an additional £700m for payment protection insurance (PPI) claims.

The British Bankers Association (BBA) has come under fire from a former member of the LIBOR compilation team at Thomson Reuters, who claims the organisation was told on a weekly basis in 2008 that the rates were being distorted.

Profits at wealth manager St James's Place (SJP) rose in the first six months of the year, helped in part by a record quarter for new business.

J.P. Morgan's Nick Gartside and Barings' Alan Wilde have warned the UK's AAA-status is at risk of downgrade following the shock contraction in the second quarter's GDP.

ETF managers are set to lose out on profits generated by securities lending, under new European regulations published today.

Alison Carnwath, the head of the Barclays remuneration committee that approved former CEO Bob Diamond's £17m pay package earlier this year, has left the bank.