Scandal-hit Barclays is reportedly in talks with shareholders over plans to pay its new boss a seven-figure bonus.

Barclays’ staff were today told to sign up to an ethical code of conduct or quit, as part of the British bank’s crusade to repair its battered reputation.

Britain’s banks could face the threat of being broken up after a report warned the ring-fence to separate risky operations from savers’ deposits needed “electrification”.

Fraud, bribery and rate-rigging in the banking industry were laid bare today as Swiss bank UBS agreed a £940m (€1.16bn) settlement with regulators in another damning day for the sector.

Swiss bank UBS agreed today to pay £940m (€1.1bn) to regulators in the biggest penalty yet from the industry’s Libor-rigging scandal.

Chancellor George Osborne shocked the City today as he unveiled Canadian Mark Carney as the first non-British citizen to be appointed as governor of the Bank of England.

Barclays handed the job of restoring its tarnished reputation to an insider today as another scandal threatened to engulf the UK bank.

The rate-rigging scandal that has rocked the banking industry showed no signs of abating today as US authorities summoned three British banks for questioning.

Three British banks have been subpoenaed in America over the possible manipulation of an important global interest rate.

EasyJet fended off an attempt to oust its chairman yesterday in the latest spat between the low-cost airline’s founder, Stelios Haji-Ioannou, and its directors.

EasyJet is set to rebuff an attempt by the low cost airline’s founder Sir Stelios Haji-Ioannou to oust Sir Michael Rake as chairman.

Standard Chartered has seen £6bn (€7.5bn) wiped from its value amid fears it could lose its US banking licence after regulators branded the lender a “rogue institution” over its dealings with the Iranian government.

The British banking industry was mired in fresh scandal today after Standard Chartered was branded a “rogue institution” for covering up billions of pounds of illegal transactions with the Iranian government.

The furore over the G4S Olympics contract showed no signs of fading as the security firm’s shares fell another 6% today.