Barclays has picked corporate governance expert and City grandee David Walker as its new chairman in an effort to rebuild the UK bank's reputation after a rate rigging scandal.

The British bank said

Britain's government is expected to spell out on Monday the scope of a root and branch reform of Libor, the interest rate benchmark that was rigged by Barclays in a widening scandal that has damaged L

British bank Barclays Plc shaken to its core in the in June by an interest-rate rigging scandal, is bracing for more scrutiny on Friday on its plans to rebuild its brand and revive shareholder and cus

A group of banks being investigated in an interest-rate rigging scandal are looking to pursue a group settlement with regulators rather than face a Barclays-style backlash by going it alone, people fa

Central bankers and regulators will hold talks in September on whether the troubled global Libor interest rate can be reformed or whether it is so damaged that the benchmark of borrowing costs should be scrapped.

The Bank of England is expected to fire up its printing presses for a third round of economic stimulus later on Thursday just two months after shutting them down.

Policymakers have essentially been f

Barclays Plc chairman Marcus Agius is set to quit on Monday as the interest rate rigging scandal takes its first major scalp and threatens to widen to other banks, raising questions about the involvem

The Bank of England looks set to call a halt to its asset-buying programme on Thursday, despite the economy having slipped into recession and renewed risks rising from the eurozone debt crisis, as UK

Goldman Sachs' Jim O'Neill has been approached by Britain's finance ministry as a possible candidate to be the next governor of the Bank of England, the Sunday Times reported.

O'Neill, who coined the

British banks need to raise more capital as they are not reserving enough funds to withstand potential financial trouble, the Financial Policy Committee (FPC) under Bank of England (BOE) warned in its