Global, Financial & Business News for City Professionals

Placid Gonzales' Market Bulletin

By Placid Gonzales Read More

‘Take Advantage of Banking Crisis’ – Legal Profession Told

Banking Crisis In Europe Averted... This Year

News

UK Trader Pleads Guilty To Hiding Subprime Losses

A UK trader has pleaded guilty to overstating the value of mortgage-backed bonds when working at Credit Suisse at the start of the financial crisis.
Hedge Fund Managers to Outspend Bankers on Homes

The clout of bankers in the London housing market this year will fall behind that of hedge fund managers for the first time, according to data from Savills.
Banker-Bashing French Presidential Hopeful Flour-Bombed

French presidential hopeful Francois Hollande has been flour-bombed in Paris as he prepared to give a televised speech.
Irish Artist Uses €1bn Worth Of Shredded Euro Notes To Build House

Of all the consequences of the Irish economic crisis, someone building a house using €1.4bn in decommissioned bank notes is the one we least saw coming.
HSBC Named World's Most Valuable Banking Brand

HSBC has knocked last year's winner Bank of America from the top spot in the Brand Finance Banking 500 report.
Banker Banned from City for Life

The former chief executive of JC Flowers’ London arm has been banned from working in the City and fined £2.9m after it was discovered he had acquired £1.4m dishonestly.
RBS Shares Fall £900m As Taxpayers Get Their Wish

The value of shares in Royal Bank of Scotland and Lloyds Banking Group have fallen almost £900m amid fears that performance will be damaged after the backlash against bonuses.
Official: Bankers Not to Blame for Bonus Culture

For all those frothing at the mouth with the desire to rip apart bankers for collecting incredible bonus packages, save your fury for the architects of the current corporate culture: Academics.