LONDON — U.S. and British authorities moved a step further Wednesday in their investigation into the manipulation of the benchmark interest rate known as Libor, fining the British financial firm ICAP a combined $87 million for its role.
LONDON — HSBC, Britain’s biggest bank, said Monday that its net profit fell 17 percent last year because of a record fine to settle money laundering charges and changes related to the value of its debt.
LONDON — Two European central bank chiefs are urging investors to pay less attention to credit rating agencies and to consider other factors in assessing what the region’s debt is worth.
LONDON — Britain’s financial regulator said Monday that it was partly to blame for the failure of Royal Bank of Scotland, and it proposed new preventive measures, including holding bank executives more accountable for bad decisions.
The top three European central banks cut interest rates on Thursday in the face of increasingly dire evidence that much of Europe was moving into a serious recession.
London’s police force on Thursday was found guilty of putting the public at risk during a flawed counterterrorism operation in 2005 that led to the killing of an innocent Brazilian electrician on a subway train.