European Union countries will have to share information on tax deals agreed with major corporations under European Commission plans to limit the ability of big business to avoid tax across the 28-nation bloc.
Former Chief Executive of HSBC Holdings Plc Lord Green expressed his "dismay and regret" when questioned about tax evasion and avoidance at the bank's Swiss branch by Channel 4 on Wednesday.
Bank of America (BAC.N) must allow shareholders to vote on a proposal that calls for the company to consider spinning off its investment banking business, after U.S. regulators told the bank it cannot exclude the proposal from its corporate ballot.
Britain's newest and most powerful financial regulator has pledged to introduce "meaningful" change this year to help new banks steal market share from the "Big Five" lenders who dominate in commercial and retail banking.
