FCA's £819m in fines revenue gives Osborne room to fund worthy causes

The Financial Conduct Authority has imposed more than £800m of fines on banks and other companies in the first half of this year – giving the chancellor the opportunity to make eye-catching allocations to worthy causes in this week’s budget.

Record fines for currency market fix

Five of the world's largest banks are to pay fines totalling $5.7bn (£3.6bn) for charges including manipulating the foreign exchange market.

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.

GE industrial profit rises despite flagging oil unit sales

(Reuters) - General Electric Co reported a 9 percent rise in quarterly industrial profit on Friday as its businesses that sell power-generating turbines and jet engines helped offset weak sales in its oil and gas unit.

SFO still not equipped to handle its most serious cases, report finds

The Serious Fraud Office was still not equipped to handle the most serious cases of corruption when it was last inspected last year, an official report has found.

Barclays may face massive new penalty over currency rigging

Barclays could face a huge new penalty for rigging currency markets after pulling out at the 11th hour from the settlement talks that led to £2.6bn of fines being slapped on six other big players in the currency markets.

H&M profits fall amid tough economy, bad weather

STOCKHOLM (AP) — Swedish fashion retailer Hennes & Mauritz AB reported Thursday a 10 percent fall in its first-quarter net profit, to 2.46 billion kronar ($380 million), mainly due to unfavorable weather conditions and a tough economic climate.