HSBC's pre-tax profit up 10% in first half of the year

Profit at Europe's largest bank, HSBC, was up 10% in the first half of this year compared with a year ago on strong earnings in Hong Kong.

Restoring trust in Barclays 'to take five to 10 years'

Barclays chief executive Antony Jenkins says he expects it to be five to 10 years before he can restore public trust in the bank. Mr Jenkins said that people in large organisations, "want to do the right thing - it's sometimes that they perceive the right thing differently".

Swiss bank UBS repays its bailout loan

Switzerland's central bank has said a loan it granted to bail out troubled bank UBS five years ago has been repaid.

Banking reform 'still does not go far enough'

The government's proposed reforms of the banking sector still do not go far enough, according to a banking commission set up in the wake of the Libor scandal.

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.

China to encourage private capital in banking industry: Report

BEIJING: China will give private capital the same entry standards to the banking industry as other capital, state media said on Sunday, as the government makes its hardest push in a decade to court private investors by welcoming them into a handful of sectors.