The Green Savings Bond is a new savings product, intended to go on general sale this summer to raise significant funding for government environmental projects.
Lloyds Banking Group is to close another 44 branches, blaming a lack of customers at such sites as people move to digital banking.
The Financial Conduct Authority (FCA) recently announced that it has started criminal proceedings against NatWest for money laundering offences related to an account worth £365mn.
In one of the biggest blunders in banking history, Citibank cannot recover the $500m they wired by mistake while acting as a loan agent for Revlon.
The US Treasury Department released its semi-annual report saying Switzerland (along with Vietnam) had intervened to artificially prevent its currency rising against the dollar.
Based on frequent accusations of “professional misconduct”, campaign group Spotlight on Corruption has urged the government to introduce a three-year ban on EY bidding on public contracts.
Both local and international banks in Hong Kong have been told to report any transactions that are known, or suspected to be, violating the widely controversial national security law to the police.
According to recent data, staff departing from the Bank of England (BoE) received £3m in “golden goodbyes” in 15 months, which are settlement payments offered to an employee as compensation for dismissal or compulsory redundancy.
A $3.9bn (£3.1bn) settlement deal has been struck between Goldman Sachs and Malaysia over losses the giant investment bank caused in the 1MDB corruption scandal.
River Financial has secured $5.7m in seed funding from investors such as Polychain Capital, Slow Ventures and Castle Island Ventures to build Bitcoin financial services.