Economic gloom seen pushing ECB to cut rates
(Reuters) – The European Central Bank is widely expected to cut borrowing costs to a record low on Thursday to support a deteriorating euro zone...
Business
Barclays’ Diamond faces grilling in parliament
(Reuters) – Bob Diamond squares up to critical British lawmakers on Wednesday, a day after quitting as Barclays’ chief executive over an interest rate rigging...
Top banks say they not too big to fail
(Reuters) – Nine of the largest global banks on Tuesday expressed confidence they can be salvaged or dismantled without taxpayer bailouts if they became insolvent,...
Barclays chairman quits over rate-fixing scandal
(Reuters) – Barclays Plc chairman Marcus Agius quit on Monday, saying “the buck stops with me” after an interest rate rigging scandal that has dealt...
UK banks face new scandal; Barclays boss in peril
(Reuters) – Britain will expose on Friday a second scandal involving the country’s banks in as many days, as Barclays boss Bob Diamond clings to...
JPMorgan likely to post $4 billion to $6 billion trade loss
(Reuters) – JPMorgan Chase & Co’s losses from disastrous derivatives trades will likely amount to $4 billion to $6 billion in the second quarter, far...
News Corp board approves company split: source
(Reuters) – The board of News Corp approved in principle splitting the $60 billion media conglomerate into separate publishing and entertainment businesses, a person familiar...