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Four of Barclays' top bankers gave up bonuses for this year amid the Libor scandal; Yannis Stournaras became the latest Greek finance minister; and hedge fund manager Manny Roman said hedge fund managers were overpaid

Stephen Hester has said he will waive his bonus this year in the wake of a massive technical glitch that left thousands of customers unable to access their accounts or move their money

Trade of the Week: Cocoa beans give traders a treat

Cocoa beans saw their futures price for September delivery rally this week as investors looked to take long positions after a lack of rain threatened supply

The veteran chairman of the UK brokerage is set to retire before the end of the year

Buyside puts clawback pressure on Barclays

The National Association of Pension Funds says UK bank should 'use its clawback rules to penalise those involved' in Libor scandal

Goldman's M&A crown under threat as rankings diverge

Which Wall Street bank is the top M&A adviser in the first half: Morgan Stanley or Goldman Sachs? It all depends on the data provider

The chief executive said Cantor can expand while big banks contract because of the 'structural change in the financial landscape'

Nomura acknowledges slack internal control over insider information

Japanese bank to suspend some businesses, while senior executives will have their pay cut following review's findings

Analysts bearish on trading as reporting season looms

Analysts at Keefe Bruyette & Woods and Barclays now believe that investment banks will report quarter-on-quarter trading revenue falls of 45% in fixed income and 25% in equities

FSA mis-selling probe spells more gloom for the City

A clutch of UK banks have been found guilty of mis-selling interest-rate swaps to small businesses, capping off a miserable week for the City amid the fallout from the Barclays Libor scandal

The idea that you can buy the market, touted by advocates of passive investment, is a 'fiction', according to Ashmore's head of research Jerome Booth

The newly-merged Russian bourse is seeking to offer investors a hedge on the volatile euro

The fund research arm of analytics firm S&P Capital IQ has launched a ratings system for passive funds, as investors increasingly call for a bond-style ratings system for ETFs

AB InBev to buy remaining Grupo Modelo stake

Belgian beer company Anheuser-Busch InBev has confirmed it is acquiring the remaining stake in Mexican brewer Grupo Modelo in a deal worth $20.1bn

Having elected a president democratically, Egypt must be fast to reform or risk losing its best chance to attract foreign investment

Should he stay or should he go now? Barclays chief executive Bob Diamond has grounds to feel unfairly treated, but the case against him is powerful

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People in the news this week

RBS chief waives bonus after glitch

Trade of the Week: Cocoa beans give traders a treat

Tullett chairman to step down

Buyside puts clawback pressure on Barclays

Goldman's M&A crown under threat as rankings diverge

Cantor Fitzgerald plans to hire 1,000

Nomura acknowledges slack internal control over insider information

Analysts bearish on trading as reporting season looms

FSA mis-selling probe spells more gloom for the City

Jerome Booth turns aggressive on passive

Moscow Exchange to launch euro options

Small step in ETF rating space race

AB InBev to buy remaining Grupo Modelo stake

Investing in the Muslim Brotherhood

Diamond in the rough with Libor scandal