Global banks have paid $162.2bn in fines and legal settlements with US regulators since the financial crisis, data compiled by FT reporters shows.
Update, July 22, 2015: The Consumer Financial Protection Bureau and Office of the Comptroller of the Currency have handed down a $770m penalty against Citigroup for deceptively marketing and billing consumers for identify theft protection products. Read more
Bank chief executives’ pay has rarely been out of the news in the six years that Equilar and the Financial Times have been publishing this annual analysis. While the pay of almost all the bank bosses in the study increased in 2014, it remains well below pre-crisis levels and is likely to remain so.
The world is awash with even more debt than before the financial crisis. Use the FT interactive tool to compare countries’ debt levels Read more
The global crisis left many economies heavily indebted. But there are ways policy makers can repair the damage Read more
A breakdown of all of the recepients in this year’s list Read more
The European Central Bank on Sunday released the long-awaited results of its stress test.
The test, conducted on 130 euro area lenders, requires banks to have common equity tier one ratios of more than 5.5 per cent even under a “adverse scenario” of falling economic output, rising unemployment and declining house prices.
The stress test found 25 banks had capital shortfalls under the adverse scenario applied to banks’ balance sheets as of the end of 2013. However, that number fell to 13 once capital raised by the banks in 2014 was taken into account.
This sortable table shows a summary of the results of the stress test, including any shortfall after net capital raised since December 2013 is taken into account. Read more
The world’s population is changing in ways that could barely be imagined a generation ago, and at a pace that is faster than any in recorded history. Not only are we all living longer, but in the richest countries – and in many newly middle class nations – people are having too few babies to keep population stable. By 2050, according to UN projections, those aged over 65 will outnumber children aged 5 and under, for the first time in human history. Read more
Based on the voter registration data and the Press Association’s estimated declaration times, here is an approximate timetable of what to expect during the night of the count Read more
The offensive of insurgent groups led by the Islamic State of Iraq and the Levant (known as Isis) has taken Iraq to the brink of a sectarian civil war. Iraq’s army buckled under the advance last week, allowing Sunni militants to over-run major towns and cities, including Mosul, Iraq’s second-largest city.
While Isis aims to wipe away post-colonial borders to create an Islamic state across much of Syria and Iraq, it joined with other Sunni insurgent groups opposed to the Shia government in Baghdad. With Kurds in northern Iraq also seeing an opportunity to consolidate greater autonomy, the crisis theatens Iraq’s very existence. Read more
Voters will go to the polls in all 32 London boroughs, 36 metropolitan authorities and handful of other councils on May 22. This interactive map and cartogram shows the current state of parties in the local authorities holding elections, and some of the possible scenarios for the elections’ outcomes.
The recovery in the world’s leading economies is strengthening, according to the Tracking Indices for the Global Economic Recovery, the Brookings Institution-Financial Times index of the global economy.
Explore the index with this interactive graphic. You can read more analysis from Eswar Prasad, Karim Foda, and Arnav Sahu on the Money Supply blog.
Russia is just the latest of more than 40 countries subject to sanctions since 2000, with 35 restrictions still in placeincluding a growing range of targeted measures.
Members of the professional middle class in England and Wales have seen a rapid decline in their options when looking for a place to buy a house. The number of electoral wards where the average property price is above the affordability threshold has risen from just 101 (1.1 per cent) in 1995 to 489 (5.7 per cent) in 2012.
Surprisingly strong Christmas period retail sales data out today showed that UK shoppers spent 7.1 per cent more than in December 2012. Read more