Former Rabobank employee Anthony Allen was convicted alongside Anthony Conti. Photograph: Reuters

A New York jury convicted two ex-Rabobank traders of rigging a key financial benchmark in the first such trial since the US government pledged in Sept(...)

A judge told former UBS trader Kweku Adoboli he had suffered a ‘spectacular fall from grace’. Photograph: Reuters

On an unseasonably sunny autumn day in the City of London, a group of about a dozen traders at a commodities brokerage firm were perched around a conf(...)

Citi’s Irish headquarters in Dublin’s Docklands Photograph: Alan Betson/The Irish Times

Citigroup, the third biggest US bank by assets and an employer of thousands in Ireland, reported a 51 per cent jump in quarterly profit as lower costs(...)

 The results are the latest example of pressure mounting on Wall Street banks. Photograph: Reuters

Goldman Sachs Group’s profit plunged for the second quarter in a row as bond trading revenue fell by a third amid market turmoil stemming from concern(...)

Deezer said it expected net proceeds of about €291 million from the IPO

Music streaming service Deezer said it expects to raise €300 millionfrom selling new shares when it lists on the Paris stock exchange later this month(...)

The lender, kicking off third-quarter results for big US banks, managed a 22 per cent rise in net income but this was mainly due to a tax benefit and lower spending on employee pay

JPMorgan Chase, the biggest US bank by assets, reported a 6.4 per cent decline in revenue and profit declines in three of its four main businesses, un(...)

Volkswagen continued to weigh on Germany’s DAX index. Caught in a scandal over rigging emissions tests, the car maker fell as much as 6.5 per cent to touch a five-year low.

European shares rose sharply on Monday, with the French market outperforming after stronger-than-expected economic data, while Glencore and ArcelorMit(...)

Traders work on the floor of the New York Stock Exchange. REUTERS/Brendan McDermid

An initially positive start to the quarter for stocks in Europe and the United States fizzled out as a mostly disappointing batch of economic reports (...)

Glencore chief executive officer Ivan Glasenberg is working on a debt-reduction plan that includes selling assets, halting the dividend and a $2.5 billion share sale completed earlier this month.   Photograph: Andrey Rudakov/Bloomberg

Glencore, the commodities group that’s lost almost $50 billion in market value this year, rallied in London as analysts said the rout probably didn’t (...)

A screen shows the risk premium figures of various European countries at the Spanish stock market in Madrid. European stocks fell as a rally failed to hold. Photograph: Paco Campos

The optimism that sent European stocks rallying on Friday was short-lived. The Stoxx Europe 600 Index lost 0.5 per cent in early trading in London. Gr(...)