The City of London

Business volumes on the rise for UK financial services firms

Optimism in the UK financial services sector continues to increase according to business lobbying organisation the Confederation of British Industry (CBI), which released the latest CBI/PwC survey on Monday. UK financial service organisations experienced a further rise in business volumes […]

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HSBC Canary Wharf

UK financial services sector profitability increases for fifth consecutive quarter

Continued recovery of the UK's economy is starting to take effect in the financial services sector, the Confederation of British Industry (CBI) revealed on Monday with

The City of London

Financial services sector confident about UK economic recovery

The UK financial services sector has high hopes for future profitability, as revealed in the latest CBI/PwC Financial Services Survey, which covered three months to September. It was

Seoul, South Korea

South Korean banks investigated for interest rate manipulation

South Korea's financial regulator has launched an investigation into possible interest rate manipulation by four of the country's banks, according to a BBC report.

The banks

Credit Rating

UK banks among 15 downgraded by ratings agency Moody’s

Credit ratings agency Moody's announced late yesterday that it was downgrading 15 global banks and financial institutions, including Britain's four leading high street banks. The UK banks downgraded included

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