Trader Fred DeMarco watches a screen as he works on the floor of the New York Stock Exchange: The longer you hold equities, the greater your chances of a decent return. But how long is necessary? Photograph: Brendan McDermid/Reuters

After a 15-year wait, the FTSE 100 finally hit fresh all-time highs last week, a milestone that appears to have catalysed confusion on a grand scale.“(...)

France’s BNP Paribas chairman says the record $8.9bn fine imposed on the euro zone’s biggest bank by assets for US sanctions violations last year was a “wake-up call” . Photograph: Kosuke Okahara/Bloomberg

Banks can no longer afford a “too narrow, legalistic approach” to complying with rules because “the world has changed” and they need to clean up their(...)

 US rating firm Standard & Poor’s said February 3, 2015 it had agreed to pay $1.37 billion to settle lawsuits that it overrated mortgage bonds at the heart of the “subprime” housing crisis. S&P said it had not admitted to any legal violations in the settlements, which resolve 2013 lawsuits filed by the US Department of Justice, 19 states and the District of Columbia. Under a separate settlement with California pension fund CalPERS over mortgage deals, the company will pay $125 million. S&P said it would pay $687.5 million to the Justice Department and $687.5 million to the states and Washington, DC. (Photograph: Emmanuel DunandEMMANUEL DUNAND/AFP/Getty Images)

Standard and Poor’s $1.5 billion settlement with the US Justice Department, more than a dozen states and the biggest US pension fund today will let t(...)

IDA chief executive Martin Shanahan. The agency met about 40 existing and prospective companies in Davos in a bid to enhance Ireland’s international profile. Photograph: Alan Betson

Insurance companies and representatives of the financial and technology sector were among the companies that attended events organised by the IDA l(...)

Euro bank notes and Swiss franc notes. The shockwaves from Switzerland’s decision to scrap its currency ceiling against the euro continue to reverberate

Foreign exchange brokers across the world reported escalating losses yesterday as the shockwaves from Switzerland’s decision to scrap its currency cei(...)

The Swiss National Bank scrapped its euro cap on the franc and drove Swiss stocks down nearly 9 per cent, their biggest one-day percentage fall for at least 25 years. One trader described the central bank’s move as “carnage”. Photograph: Martin Leissl/Bloomberg

Switzerland’s move to jettison a three-year-old cap on the franc threw global markets into turmoil yesterday, sending the currency and most European(...)

With fixed-income markets remaining tough, Citigroup’s forecast of a 5 per cent decline in markets revenue in the quarter turned into a 16 per cent drop

Citigroup, in the midst of a pullback from consumer banking in a number of international markets, eked out a slim fourth-quarter (Q4) profit after tak(...)

Teaming up: entrenched financial players facing challengers armed with new technology are increasingly seeking to work with them

Employees at MasterCard thought they saw a drop-off in credit card volume last spring at one of their merchants, a legal services provider. Checking f(...)

Intel: results on Thursday
For your diary

TODAY Results: Alcoa. Indicators: Irish trade balance (Nov); US labour market conditions index (Dec). Other: Taylor Wimpey trading update. (...)

Want to know how someone goes from selling falafels at festivals to running their own rave-reviewed hipster eaterie? Then pop along to Trinity’s Scien(...)