Barclays seeks up to 700 staff for new Dallas technology hub

LONDON: Barclays is aiming to recruit up to 700 technology staff in the next 18 months at a new centre in the United States that will develop applications for investment banking and consumer banking.

JP Morgan makes record quarterly profit

JP Morgan has reported record first quarter profits of $6.5bn (£4.2bn) and says there are signs the US economy is "healthy and getting stronger".

UBS fined £30m over rogue trader

UBS has been fined £30m by the UK's Financial Services Authority – and could see its investment banking activities hampered by the Swiss regulator – after its former trader Kweku Adoboli was jailed for fraud.

Barclays credit rating outlook cut by Moody's and S&P

Rating agencies Moody's and Standard and Poor's have lowered their outlook on Barclays from stable to negative amid the bank rate-rigging scandal. Moody's said shareholder and political pressure was creating uncertainty about the bank's future.