UK bank, Barclays, was fined 38 million pounds (Sh5.5 billion) for exposing customers to unnecessary risks by failing to ensure client assets were properly safeguarded and adequate records kept.
Royal Bank of Scotland is facing pressure from investors to lower the price of shares it plans to sell in the initial public offering of Citizens Financial, its US consumer and commercial banking unit, two people familiar with the deal said.
Alibaba Group Holding Ltd. (BABA) dropped for a second day in New York, paring its gain since the Chinese e-commerce company's 38 percent jump in its trading debut last week.
One of the great myths of the current parliament is that it has been dominated by austerity. The figures show that this clearly isn't the case.
Spirit said the offer, which values the firm at 100p per share, "undervalues" the company and its "attractive prospects".