In Switzerland supervision has traditionally been rather hands-off, where it’s even existed. Britain’s Mark Branson, the chief executive of the country’s financial regulator, Finma, means to change that.
When business meets government, there is rarely a happy ending.
When Sir Win Bischoff, the ex-chairman of Lloyds Banking Group and a former top banker with America’s Citigroup, was appointed chairman of the Financial Reporting Council earlier this year, he was criticised for being one of the City’s “insiders’ insiders” and an “odd” choice.
Bwin.Party is rolling the dice but lady luck is not on its side.
A well-known City PR adviser asked me on Monday what I thought Tesco was doing?
Britain is finally preparing to pay off some of the huge debt it incurred as a result of the First World War.
WPP’s founder Sir Martin Sorrell warned yesterday that the Ebola epidemic, the rise of Isis and unrest in Hong Kong are “grinding down” confidence among major advertisers.
Shares in Britain’s banks surged yesterday as new rules on the cash they must hold as a proportion of loans turned out to be less onerous than feared and Royal Bank of Scotland converted last year’s third-quarter loss into a thumping profit.
The return of Dominique Strauss-Kahn to finance has come under renewed scrutiny after it emerged his late business partner Thierry Leyne had been embroiled in a dispute with a Swiss investor before his death in an apparent suicide last week.
Democracy protesters in Hong Kong have reacted with fury to comments by a prominent local banker and Beijing-friendly politician comparing them to American slaves.
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Shares in AB InBev, the world’s biggest brewer, fell three per cent in early trading after it missed profit target citing trouble in Ukraine and a chilly late summer in China.
Sony has reported a huge second-quarter loss after writing down the value of its mobile handsets business in the face of margin-slashing competition from China.
Russia's central bank has raised its main interest rate by more than anticipated as it tries to stop the rouble from sliding further.
Markets around the world rallied after the Bank of Japan unexpectedly announced an extension to its money-printing programme.
WPP founder Sir Martin Sorrell has warned that the Ebola epidemic, the rise of Islamic State and unrest in Hong Kong are “grinding down” confidence among major advertisers.
SuperGroup became the latest victim of the mild autumn weather on Friday, as new chief executive Euan Sutherland was forced to use his first public outing to issue a profit warning.
After reporting disappointing quarterly sales on Thursday, American coffee giant Starbucks has announced plans to introduce a delivery service.
Development delays caused by strikes at a diamond mine that provides stones to luxury jeweller Tiffany continued today as the miner warned prices have weakened.
Taxpayer-owned Royal Bank of Scotland has taken a £400 million hit for its role in forex market rigging allegations and warned there may well be more to come from this and other past banking scandals.
The retail arm of Barclays has roared back, giving the bank a much-needed shot in the arm as it admitted that it could face £500m in fines and payments for its role in the alleged rigging of the £3 trillion-a-day foreign exchange market.
Annual house price growth slowed for the second month in a row in October, according to Nationwide building society, in the latest sign the market has lost momentum.
A former managing director at the industrial giant Alstom will appear in court on Monday accused of bribing Indian transport officials to win lucrative contracts.
Shell reported soaring profits in the face of falling oil prices yesterday as it appointed Charles “Chad” Holliday as its new chairman.
For Imagination Technologies, the “dream is turning into a nightmare”. That’s the verdict of Numis, which sent shares in the microchip designer tumbling yesterday as it downgraded it to a sell.
Sodastream began the year with a bang: it signed up the Hollywood actress Scarlett Johansson as its first “global ambassador” and vowed to take on rivals Pepsi and Coca-Cola in a Super Bowl commercial watched by millions.
Westminster Outlook Over 10 years, the 20 project team names used on _The Apprentice_ have included “Phoenix”, the reborn bird of Greek mythology whose golden-red feathers shone so brightly as to emit pure sunlight, and “Apollo”, the son of Zeus and the God of truth.
The US economy grew at a better than expected rate of 3.5 per cent in the third quarter, supporting the Federal Reserve’s assertion of “sufficient underlying strength” when it felt confident enough to end its stimulus measures this week.
Shell put arch rival BP in the shade after it rode out oil-price “volatility” and turned to US corporate veteran Chad Holliday to be its new chairman.
Barclays has put aside £500 million to cover fines and payments it expects for its role in the alleged rigging of the £3 trillion-a-day foreign exchange markets.