Wall Street overwhelmingly backed Mitt Romney in 2012, and invested heavily in Republicans once again this year. Photograph: Brendan McDermid/Reuters

On Wall Street, 2010 was the year of “Obama rage” in which financial tycoons went ballistic over the president’s suggestion that some bankers helped c(...)

Core performance of the trading business probably will slip 4 per cent, a New York investor conference has been told. Photograph: Lucas Jackson/Reuters

JPMorgan Chase will probably report a “high teens” percentage drop in fourth-quarter trading revenue from a year ago, its chief financial officer has (...)

UK stocks fell to a one-month low as Tesco led supermarket stocks lower after it issued a profit warning. Photograph: Toby Melville/Reuters

European equities slumped, led by a plunge in Greek stocks after an unexpected decision to bring forward its presidential election. The political g(...)

AIB became the latest borrower to postpone a bond sale in Europe as investors said a surge in issuance allowed them to be more selective. “Supply volu(...)

BT said it was in preliminary talks for two companies and identified only Telefónica-owned O2 as a target. Photograph: Martin Divisek/Bloomberg
Companies named as BT targets

BT Group plc is in talks to buy Telefónica SA’s O2 unit or another mobile phone company to expand its wireless offering in the UK and complement its b(...)

After European Central Bank president Mario Draghi promised last Friday to use whatever means necessary to raise inflation, investors bet that the ECB would soon unveil new measures, possibly including government bond purchases. Photograph: Martin Leissl/Bloomberg

The Iseq in Dublin rose by 0.6 per cent as most euro zone markets advanced on expectations of more monetary stimulus. After European Central Ba(...)

Martin Wheatley, chief executive officer of the UK Financial Conduct Authority (FCA), speaks during a news conference following an announcement by the FCA, the Commodity Futures Trading Commission and the Swiss Financial Market Supervisory Authority yesterday, about penalties given to five banks following a global foreign-exchange rigging probe. The FCA said its fines relate to “ineffective” controls at UBS, Citigroup, JPMorgan Chase, Royal Bank of Scotland Group, and HSBC,  that allowed the banks to put their “interests ahead of those of their clients, other market participants and the wider UK financial system.” (Photograph: Matthew Lloyd/Bloomberg)

In an early morning chat, three senior currency traders at some of the world’s biggest banks weighed the pros and cons of admitting a fourth member(...)

A pedestrian walks past a money exchange bureau with a board displaying the exchange rate of the US dollar

Global regulators imposed penalties totalling $3.4 billion on five major banks, including UBS, HSBC and Citigroup on Wednesday in a landmark settleme(...)

Ireland is fully pre-funded through to the end of 2016 after resuming regular bond auctions this year

The National Treasury Management Agency (NTMA) received over €8 billion of bids for a new 15-year bond it was selling via syndication on Tuesday as i(...)

Maurice Levy, chief executive officer of Publicis, has blamed the group’s poor performance on the hangover from Publicis’ failed “merger of equals” with world number two agency Omnicom. Photograph: Gonzalo Fuentes

Publicis, the world’s third-largest advertising agency, has agreed to buy digital ad specialist Sapient for $3.7 billion in cash as it seeks to accele(...)