FTSE 100 failed to be pulled down by the pound’s rise as commodity shares benefitted from the dollar’s decline
Wall Street banks get the nod to pay out billions to shareholders
All 34 banks passed the second part of the Federal Reserve’s annual stress test, paving the way for them to increase dividends and share buybacks
PwC under audit investigation after BT Italia scandal
Probe by UK’s Financial Reporting Council is latest blow to professional services group
Russian revival lets local investment bank renew old rivalries
As activity picks up despite continued economic sanctions, VTB once again faces competition from international rivals
Carney and Bloomberg give fund managers extra climate homework
The Financial Stability Board’s climate task force has not stinted in laying out the part investors have to play in the low-carbon transition
Swiss hedge fund shrugs off Brexit to reopen London base
Investor relations chief says London will still be the largest financial centre in Europe after the UK’s exit from the EU
Brexit makes no difference to fund manager review, says FCA
‘This study will be good for the future competitiveness of the UK’, says top FCA executive
JPMorgan taps Deutsche banker for top tech role
The US bank has plugged a key sector coverage gap in its European investment banking business
HSBC nears 9-year high in Hong Kong as financials rally
Fed blesses ‘payout party time’ for banks
Buybacks and dividends set to soar after industry passes latest stress test