The US Consumer Financial Protection Bureau and Office of the Comptroller of the Currency each fined  Citigroup  $35 million. Photograph: Patrick T. Fallon/Bloomberg

Citigroup was ordered to pay $700 million (€640 million) to customers and fined $70 million over illegal practices related to the bank’s marketing of (...)

The exception: JPMorgan would have a current $12.5 billion capital shortfall as a result of the rules. Photograph: Stan Honda/AFP/Getty Images

The eight leading American banks will hold extra capital buffers totalling $200 billion under new Federal Reserve rules aimed at preventing a major fi(...)

The plan, to raise about €4 billion from listing a 40 per cent stake in Poste Italiane on the Milan stock exchange in October, is the main plank of prime minister Matteo Renzi’s stalled drive to sell off state assets. Photograph: Alberto Pizzoli

Italy will fire the starting gun on the flotation of its 153- year-old national post office in early August, kicking off a widely anticipated €12 bill(...)

A television screen shows Angela Merkel, Germany’s chancellor, speaking during a Greek bailout news report as a trader monitors financial data inside the Frankfurt Stock Exchange in Frankfurt, Germany, yesterday. Photographer: Martin Leissl/Bloomberg

The Iseq in Dublin soared by about 1.7 per cent as investors celebrated the Greek bailout deal and the avoidance of the country’s exit from the euro.(...)

 Goldman Sachs is expected to to have earned $3.92 in profit per share, down 4.5 per cent from the same period a year earlier. Photograph: Justin Lane/EPA

Many Wall Street banks are expected to report underwhelming second-quarter results this week, after light bond market activity in the spring worsened(...)

Aer Lingus: shares in the national airline closed up 2 per cent to €2.47 while Ryanair also ended the week up 2 per cent to €12.44

Global markets signalled growing faith in Greece’s ability to clinch a bailout as US and European stocks climbed and the euro jumped the most against(...)

Photograph: Peter Nicholls/Reuters
Planet Business

In Numbers: Cineworld awakens 10.9 Percentage growth in box-office revenues enjoyed by Cineworld, Europe’s second-largest cinema group, in the first h(...)

Derek Quinlan, for chairman of Quinlan Private outside Claridges in London in 2006. Photographer Alan Weller/Bloomberg

Derek Quinlan, one of Ireland’s most prolific property financiers in the boom years, was appearing before the banking inquiry on Thursday. Mr Quinlan,(...)

Former trader Tom Hayes leaves Southwark Crown Court in London. He insisted his bosses knew about what he was doing. Photograph: Neil Hall/Reuters

Tom Hayes, the first person to face trial in the global investigation into the fixing of Libor, has admitted he asked colleagues at UBS as well as t(...)

Thomas ‘Tom’ Hayes, 35, a former trader at banks including UBS  and Citigroup, leaves Southwark Crown Court. Photograph: Simon Dawson/Bloomberg

Tom Hayes, the first person to face trial by jury over allegations he conspired to rig global Libor interest rates, told a London court on Tuesday he (...)