US Federal Reserve chairwoman Janet Yellen addresses a Senate banking committee hearing in Washington, DC, yesterday. She told lawmakers the central bank must press on with monetary stimulus as “significant slack” remained in labour markets and inflation was still below the Fed’s goal. Photograph: Andrew Harrer/Bloomberg

US stock markets rose yesterday, adding to earlier gains as investors bet that the US Federal Reserve would not adjust guidance about how soon it w(...)

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(...)

A prototype of Britain’s new one-pound coin, which is expected to be introduced in 2017. The pound yesterday fell more than 1 per cent against the dollar to $1.6141 – its biggest one-day drop in 13 months. Photograph: Reuters/The Royal Mint

Sterling was spooked yesterday by a series of polls showing that Scots were increasingly weighing up the merits of a vote for independence despite the(...)

Eircom’s shareholders and investors have backed a potential move of holding company to Jersey. Photograph, Frank Millier, Irish Times

Eircom has secured the approval of its shareholders and lenders to shift its holding company from Luxembourg to Jersey, a move designed to open the wa(...)

Mount Moran in Grand Teton National Park seen through a window at the Jackson Hole economic symposium in Wyoming. Photograph: Bloomberg

The annual August summits of the world’s top central bankers in Jackson Hole, Wyoming, have a dramatic mountain backdrop, but the conference titles ar(...)

The strategy of Apple chief executive officer Tim Cook has been to introduce bigger iPhones, give more money back to stockholders and introduce new devices. Given the stock’s 25% rise this year, it seems to be working with investors. (Photograph: Marcio Jose Sanchez/AP)

Apple’s stock closed at an all-time high yesterday, surpassing a 2012 record as investors look ahead to new products such as bigger-screen iPhones and(...)

Dublin-headquartered SMBC Aviation Capital, which last month said it will buy $11.8 billion of planes from Airbus Group in the largest single-aisle aircraft order ever placed by a leasing company, is understood to have emerged as a bidder for Awas’ aviation assets. Photograph: Fabian Bimmer/Reuters

Dublin-headquartered SMBC Aviation Capital and Hong Kong Aviation Capital are understood to have joined the bidding for aircraft assets being sold by (...)

Reports have suggested that US banks are considering moving their European headquarters from London to Dublin, due to concerns that Britain might exit the European Union, the so-called “Brexit”. Photograph: Chris Ratcliffe/Bloomberg

By this time of year, wealthy bankers in the City of London have usually jetted off to their summer holiday destinations. Tuscany, Provence and the(...)

People familiar with Bank of America, Citigroup and Morgan Stanley say they have considered Ireland a favourable location for some of their European business if they need to move them out of the UK. Photograph: Bobby Yip/Reuters

SAM FLEMING Wall Street banks are drawing up preliminary plans to move some London-based activities to Ireland to address concerns that the UK is dr(...)

Eircom head office at Heuston South Quarter, Dublin. Photograph: Matt Kavanagh

Eircom, which is mulling a possible flotation later this year, plans to shift its holding company from Luxembourg to Jersey to “provide . . . greater(...)