Banks agree $2bn US foreign exchange settlement

Nine banks have agreed to pay $2bn (£1.3bn) in settlements to US investors over claims they rigged foreign exchange rates, according to lawyers.

UK high street banks prepare to reveal bonuses

High street banks are being urged to show restraint on pay as they prepare to declare the size of their bonus pots for 2014, at a time when the sector faces fresh scrutiny over its conduct.

BNP, tax evasion: US still dictates its economic law

Although its diplomatic clout is compromised on several fronts, the United States still dictates its economic law around the globe and has even expanded its reach, at the risk of raising hackles.

AstraZeneca shares fall after Pfizer walks away from deal

AstraZeneca shares fell on Tuesday after its spurned US suitor Pfizer walked away from a £69.4bn takeover attempt.

JPMorgan ordered to refund $309 million over "unfair" credit card billing

The country's largest bank has been ordered to refund $309 million to customers and pay $80 million in fines over alleged unfair credit card billing, regulators at the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency announced Thursday.

Kay Review: Government to be more active on takeovers

The government says it will take "a greater interest" in mergers and acquisitions involving UK companies as part of its response to the Kay Review. Its comments came in response to the Kay Review into how to discourage short-termism in markets.

Apple's investment manager wrestles with $120bn problem

It is one of the world's largest hedge funds, with $121bn under management, but its name is virtually unknown in financial circles.

Moody's downgrades 15 major banks

Credit ratings agency Moody's has downgraded 15 global banks and financial institutions.

JPMorgan shares dive after $2bn trading loss

Shares in JPMorgan Chase have dived 9% after the biggest US bank, revealed a trading loss of at least $2bn (£1.2bn).