Strong investment banking results helped boost JPMorgan’s shares to their highest since April 2000

JPMorgan Chase & Co, the biggest United States bank by assets, reported a better-than-expected quarterly profit after a decision by the Swiss cent(...)

Web hosting company GoDaddy’s initial public offering is expected to value the company at up to $2.87 billion.

Web hosting company GoDaddy’s initial public offering is expected to value the company at up to $2.87 billion and comes at a time when there has been (...)

A sign sits above the entrance to a Credit Suisse Group  in Geneva, Switzerland. Photograph: Valentin Flauraud/Bloomberg

Credit Suisse said it would fight a US lawsuit which accuses the Swiss bank of deceiving investors in mortgage-backed securities it had issued. The Zu(...)

Addis Ababa, Ethiopia. Almost 30 years after pictures of Ethiopian children with distended stomachs were used to raise money by Bob Geldof and Band Aid, the country is growing faster than any other African economy, at an average of 10.9 per cent over the past decade.  (Photograph: Giorgio Cosulich/Getty Images)

Ethiopia has started marketing a debut dollar bond issue, aiming to take advantage of record demand for high-yielding African debt to fund electricit(...)

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(...)

US soldiers at a base near Najaf, Iraq, in 2004. “The government does a very good job of sending people to war and a very poor job of bringing them home.”  Photograph: AP Photo/Saurabh Das

When I close my eyes, I can easily flash back to a time when it was cool to call people in uniform “pigs” and “baby killers.” If you had any family me(...)

In London, supermarket giant Tesco was back under pressure with a decline of nearly 3 per cent or 4.6p to 180.6p. Photograph: Rui Vieira/PA Wire.

European stocks were little changed today as investors signalled they are likely to hold fire until they see stronger signs of a recovery. Values slu(...)

British lender Barclays has axed 2,700 jobs at its investment bank this year as part of a wider cull of 19,000 roles over three years

The banking sector’s long and painful restructuring accounted for a further 1.2 per cent fall in staff numbers at Europe’s biggest lenders in the firs(...)

Apple will receive fees from banks when consumers use an iPhone in place of credit and debit cards for purchases, a deal that gives the handset maker (...)

RBS said last year it would sell 20-25 per cent of Citizens Financial Group by the end of 2014 through a US IPO as the bank faces pressure from British regulators to bolster its capital and sell off non-core assets. Photograph: Reuters/Toby Melville

Citizens Financial Group, the US unit of Britain’s Royal Bank of Scotland, said its initial public offering was expected to raise as much as $3.5 bill(...)