Wells Fargo profits rise as US economy improves

Profits at Wells Fargo rose 3% in the second quarter, as the US's largest bank benefitted from a pick-up in the US economy.

Russia 'closes Ukrainian Roshen chocolate factory'

Russian authorities have taken over a Ukrainian-owned sweet factory in the southern Russian city of Lipetsk, Ukraine's government says.

HSBC blasted for 'stunning failures over oversight'

The US says "dangerous practices" at HSBC allowed the bank to pass money to "drug kingpins and rogue nations", fining it $1.9bn (£1.2bn). HSBC agreed the fine, the largest of its kind, earlier on Tuesday.

Standard Chartered rejects Iran allegations

The chief executive of scandal-hit Standard Chartered has said it "fundamentally rejects" accusations that it laundered as much as $250bn (£161bn) for Iran.