Volkswagen Financial Services, a bank owned by Volkswagen, in Braunschweig, Germany. Volkswagen Financial Services has helped VW’s growth, but its focus on the company’s cars could endanger profits if the emissions-cheating scandal continues to undercut sales. (Gordon Welters/The New York Times)

Volkswagen is more than just a scandal-plagued automaker. It is also one of Europe’s largest banks, and its loan portfolio appears vulnerable to the (...)

The fear that the US, the world’s largest economy and considered the lone engine of global growth, is on the verge of recession has intensified.

Leading global economists now see a 20 per cent chance of the US falling into recession this year, and a diminishing likelihood of the Federal Reserve(...)

Clerys: liquidated last June.  Photograph: Aidan Crawley

Cheyne Capital, the London hedge fund that gave the developer Deirdre Foley the financial welly for her €29 million Natrium buyout of Clerys, has chan(...)

Spanish incumbent prime minister Mariano Rajoy speaks during a press conference after the national executive meeting of the Popular Party in Madrid on December 21st, 2015. Photograph: Cesar Manso/AFP/Getty Images

Spanish prime minister Mariano Rajoy said on Monday his centre-right People’s Party (PP) would talk to like-minded rivals in a bid to form a governmen(...)

Danske Bank has said crude could hit $25 before declines in output  push prices back up

Oil rose 3 per cent yesterday as short-covering and technical support halted its slide to 11-year lows, but traders said the market remained fundamen(...)

Ratings agency Moody’s said that it will only upgrade Ireland further if the public debt ratio were to be reduced further at a rapid pace. (Photograph: Scott Eells/Bloomberg)

Ratings agency Moody’s said on Monday that it would downgrade Ireland again if the next government were to pursue “a materially different fiscal poli(...)

Wealth Secrets Of The 1% – How The Super Rich Made Their Way To The Top by Sam Wilkin is priced €18.99

‘The rich are different from you and me,’ F Scott Fitzgerald famously wrote in the 1920s. There has certainly been a fascination with the wealthy over(...)

Moody’s noted the continued favourable funding profile of Ireland’s banking system, as it upgraded the sector’s outlook. (Photograph: Scott Eells/Bloomberg)

Moody’s changed its outlook for the Irish banking system to positive from stable on Tuesday, on the back of strong expected growth for the Irish econ(...)

AIB’s headquarters in Ballsbridge. The bank said on Monday it will hold an egm on December 16th  to seek shareholder approval for its new capital reorganisation plan. (Photograph: Eric Luke / THE IRISH TIMES)

AIB shareholders are to vote on the bank’s new capital re-organisation, which will see the value of their shareholding in the bank almost wiped out, (...)

Barclays is set to pay a substantial fine to resolve allegations that it abused foreign exchange markets. Photograph: Reuters

British bank Barclays is set to pay a substantial fine to resolve allegations that it abused foreign exchange markets through its electronic trading p(...)