Vikram Pandit will pick up nearly $15.5m (£9.75m) from Citigroup despite being forced to resign as chief executive last month.

The Bank of England declined to pump more stimulus into the economy yesterday, despite signs that the GDP bounce registered in the third quarter of the year is fading.

An alleged rogue trader accused of gambling away £1.4 billion described to a jury today how he “lost control in the maelstrom of the financial crisis”.

A banker accused of Britain's biggest ever fraud today denied he was acting as a rogue trader when he lost £1.4 billion.

When HMV’s Simon Fox revealed he was leaving the struggling music retailer for the Mirror owner, most thought he was jumping out of the frying pan and into the fire. The fire got that much hotter this week.

An alleged rogue trader wept as he gave evidence today as a court heard how his actions threatened to lose his employer £7.5bn.

Pension funds are weighing up plans to rank fund managers based on their efforts to improve performance at the companies they back, in the latest sign of institutional investors flexing their muscles.

James Blunt has suggested he may quit the music industry at the grand old age of 38 to hang out in Ibiza with his girlfriend and sizeable bank balance. And he's not the only one retiring prematurely.

On Thursday I shared a stage with Sir Ronald Cohen, a man with a mission.

European Union leaders have announced they had agreed to create a single supervisor for banks in countries that use the euro — without saying when it would become fully operational.

Lawyers for Rajat Gupta, the former McKinsey & Co chief and Goldman Sachs board member whose smooth ascent to the pinnacle of corporate America was matched only by his precipitous fall after being convicted of leaking insider information earlier this year, have made an unusual plea for leniency as he prepares to hear his sentence from a Manhattan judge.

Lawyers for Rajat Gupta, the former McKinsey & Co chief and Goldman Sachs board member whose ascent to the pinnacle of corporate America was only matched by his precipitous fall after being convicted of leaking insider information earlier this year, have made an unusual plea for leniency as he prepares to hear his sentence from a Manhattan judge.

Outlook Greg Coffey was the Wizard of Oz, a magician who had an extraordinary way with money, making astonishing amounts of it for clients and barely less amazing amounts for himself.

Diageo sales hit by weak market