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(...)

Barclays, the UK’s second biggest bank by assets, said third-quarter profit unexpectedly rose. Photo: Bloomberg

Barclays, the UK’s second biggest bank by assets, said third-quarter profit unexpectedly rose, as it set aside £500 million to cover the cost of set(...)

epa04465101 Customers use an ATM outside of a branch of Lloyds Bank in London, 26 October 2014. Europe’s banking authorities published the results on 26 October 2014 of a detailed stress test, showing the overall health of bank balance sheets and the ability of the main financial institutions to withstand economic turbulence. The institutions being tested include Germany’s Deutsche Bank and Commerzbank, French lenders BNP Paribas and Societe Generale, British banks Royal Bank of Scotland, HSBC, Lloyds Banking Group and Barclays, and Italy’s Monte dei Paschi di Siena, among others. None of the British banks failed the test, but Lloyds passed narrowly. EPA/HANNAH MCKAY

Italy’s Treasury has not ruled out extending repayment deadlines on hundreds of millions of euros in state aid to help troubled lender Banca Monte dei(...)

At least three Greek banks are expected to fail Sunday’s tests, but their actual deficit will be “small” following measures taken in 2014 Citigroup says. Photograph: Kostas Tsironis/Bloomberg

The euro area’s biggest banks will show a €6 billion capital gap in the European Central Bank’s tests of the quality of their assets and ability to wi(...)

Nice moves in the airlines, with Aer Lingus and Ryanair both climbing.Photograph: Niall Carson/PA Wire

A rebound on Wall Street buoyed global equity markets yesterday, but lingering anxiety over world economic growth pushed US and German bond prices hi(...)

Citigroup also reported a 13 per cent rise in adjusted third-quarter net profit, helped by better results from its portfolio of troubled assets

Citigroup said on Tuesday it would exit consumer banking in 11 markets, as the most international of the big US banks looks to shrink its way to bette(...)

Out today: Irish trade balance figures for August
For your diary

TODAY Results: Kuehne + Nagel; Omnicom. Meetings: RIAI annual conference (RDS, Dublin). Indicators: Irish trade balance (Aug); Chinese trade balance ((...)