Banking culture needs fundamental overhaul not fines, Mark Carney says

Mark Carney has warned bankers they should lose more of their pay in cases of wrongdoing – in addition to forfeiting bonuses – after a series of fines for bad conduct have failed to improve standards across the scandal-hit industry.

Deutsche Bank swings to €92m loss on legal costs

Deutsche Bank swung to a loss in the third quarter because of higher legal costs to settle investigations.

Banks could face record fines totalling £1.8bn over currency rigging

Six major banks caught up in the investigation into rigging the currency markets are being pressed by the regulator to agree to fines – possibly of as much as £1.8bn – in the next eight weeks.

Fed's Powell says alternative to Libor needed as soon as practical

(Reuters) - The U.S. Federal Reserve will accelerate its search for a substitute to the Libor benchmark interest rate to stave off what would be "a horrible mess" if the current system collapses with no alternative, Fed Governor Jerome Powell said on Thursday.

UK financial body urges quick action over foreign exchange 'fixing'

LONDON (Reuters) - Regulators should deal quickly with allegations that banks have rigged the $5.3 trillion-a-day foreign exchange market to avoid harming Britain's reputation as a financial centre, a top industry official said on Tuesday.