A class-action lawsuit was filed Tuesday against JPMorgan Chase on behalf of investors accusing the bank of misleading shareholders about the $2 billion in trading losses that have roiled the company this week. Read full article > >

See the original post:
JPMorgan Chase hit with class-action lawsuit over $2B in trading losses

The governor of the Bank of England, Sir Mervyn King, rejects criticism of the bank’s role ahead of the financial crisis.

The rest is here:
King rejects criticism for crisis

Barclays management is stung by a shareholder revolt over pay, as 26.9% of shareholder vote against the bank’s remuneration report.

See the original post:
Barclays hit by revolt over pay

Peston on the bank executives facing pressure over pay

Read the original post:
Barclays ‘fails to win over pay critics’

State-controlled Royal Bank of Scotland reports a loss of £2bn in 2011, its fourth year of losses since the bank’s bailout in 2008.

Go here to see the original:
RBS bank’s loss doubles in 2011

Two men are charged over a £1m email scam that took money from the bank accounts of hundreds of students who had government loans.

Here is the original post:
Pair charged over phishing scam

Germany finds itself 55bn euros richer after discovering an accounting error at Hypo Real Estate, the bank it nationalised in 2009.

The rest is here:
Germany finds an extra 55bn euros

GENEVA — UBS chief executive Oswald Gruebel has resigned over a $2.3 billion rogue trading loss, the bank said Saturday. It said Gruebel’s decision was an attempt to allow UBS to start afresh following the latest major scandal to hit Switzerland’s biggest bank. UBS Europe chief Sergio P. Ermotti will take over immediately as interim chief executive until Gruebel’s replacement is appointed, the bank said. Read full article > >

More:
UBS CEO Oswald Gruebel resigns over $2.3 billion rogue trading loss

The UBS trader alleged to have lost the bank £1.3bn in unauthorised trading appears in court charged with fraud and false accounting.

Visit link:
UBS trader is charged with fraud

The UBS trader alleged to have lost the bank £1.3bn in unauthorised trading appears in court charged with fraud and false accounting.

See original here:
UBS trader is charged with fraud

Some customers of Tesco Bank are still locked out of their accounts, four days after a the bank’s computer systems crashed.

Read the original here:
Tesco bank accounts still locked

HSBC bosses face shareholder anger over lacklustre returns and high executive pay, at the bank’s annual general meeting.

See the original post here:
HSBC faces investor anger on pay

The third-largest U.S. bank reported a drop in first-quarter earnings as the bank reduced reserves for future losses.

View post:
Citigroup earnings fall 32 percent

KABUL–Officials responsible for the near- collapse of Afghanistan’s largest bank last year will be prosecuted, President Hamid Karzai said Monday. He laid a significant portion of the blame for the collapse on Western advisers, saying they should have alerted his government earlier to the bank’s problems.

More:
Karzai blames foreigners for problems at Kabul Bank

Goldman Sachs Capital Partners, a powerful unit at the bank that manages pensions and money for prominent clients, chose not to invest in the site before the recent deal came together.

Continued here:
DealBook: Goldman Unit Passed on Earlier Facebook Investment