Banks agree $2bn US foreign exchange settlement

Nine banks have agreed to pay $2bn (£1.3bn) in settlements to US investors over claims they rigged foreign exchange rates, according to lawyers.

Tesco hires brand director to turn around scandal-plagued image

Tesco has hired a new brand director to try to turn round the battered image of Britain’s biggest retailer. Michelle McEttrick, who will join the supermarket chain on 18 May, previously worked at Barclays for four years but left the bank a year ago, according to her profile on LinkedIn.

Barclays and RBS disclose number of staff paid £1m-plus

A total of 428 employees of Barclays and 93 at RBS earned more than £1m last year, the banks have disclosed. Five members of staff were paid more than £5m, the Barclays said, but they did not include the chief executive, Antony Jenkins, who received £2.6m.

UBS fires eighteen over Libor-rigging scandal

Eighteen UBS staff were sacked over the Libor-rigging scandal that saw the bank hand over $1.5bn (£940m) to regulators, the second-largest fine ever paid by a bank.

Serious Fraud Office launches Libor investigation

The Serious Fraud Office (SFO) has confirmed that it has formally launched an investigation into the rigging of inter-bank lending rates.

Bank inquiry launched after Libor rate-rigging scandal

Prime Minister David Cameron has announced a full parliamentary inquiry of the banking sector following the Barclays rate-rigging furore.