SFO investigates price rigging in foreign exchange market

The Serious Fraud Office (SFO) has launched a criminal investigation into allegations of price rigging in the £3tn-a-day foreign exchange market.

HSBC hands allowances to hundreds of bankers to avoid EU bonus cap

Britain's biggest bank, HSBC, has inflamed the row over City pay by awarding allowances to hundreds of its top staff, enabling them to avoid the EU bonus cap.

Faster Pace of Growth May Not Last Long

Stoked by rising inventories, the American economy grew at a significantly faster pace in the third quarter than first estimated, but probably at the expense of economic activity during the current quarter as businesses work off some of the excess stock on their shelves and in warehouses.

Osborne asks BoE to consider extra powers to curb banks

(Reuters) - Chancellor George Osborne has asked the Bank of England to decide whether it needs more powers to control banks' risk-taking.

Regulators contact more banks over currency market manipulation

A global investigation into allegations of manipulation in the £3tn-a-day currency markets appeared to be deepening with more banks admitting they were co-operating with regulators and Barclays suspending six of its traders.

Banking industry's year of shame ends in a blizzard of Libor revelations

The pledge made by one UBS trader – "I'm a man of my word" – seems a fine sentiment, until the realisation dawns that the promise he is making is to do "one humongous deal" with a broker to help him manipulate the Libor rate.

Banking sector reform: don't tear up Vickers proposals, warns Osborne

George Osborne, the chancellor, has urged the independent commission on banking standards to avoid "tearing up" the consensus on financial reform by pushing for a more radical separation of retail and investment banking.

Royal Bank of Scotland set for talks to settle Libor-rigging claims

Royal Bank of Scotland is preparing to enter talks with regulators to settle Libor-rigging claims, its chief executive said on Friday, as the bailed-out bank prepares to face a major fine for the attempted manipulation of the key interest rate.

9 more banks under scrutiny in Libor investigation

NEW YORK (CNNMoney) -- A state investigation into whether some of the world's biggest banks manipulated key global interest rates has widened to 16 institutions, according to a source familiar with the matter.