A huge euro logo is pictured next to the headquarters of the European Central Bank (ECB) before the bank’s monthly news conference in Frankfurt. Photograph: Ralph Orlowski/Reuters

The European Banking Authority will for the first time publish details of banks’ losses from fines and litigation when it releases the results of Euro(...)

A cyclist passes automated teller machines outside a Banco Espirito Santo SA bank branch in Lisbon, Portugal. Photograph: Mario Proenca/Bloomberg

Nomura Holdings threatened to seek the immediate repayment of at least €100 million of loans to Espirito Santo Financial Group, prompting yesterday’s (...)

A Brazil soccer fan cries as he watches his team during a live telecast of the semi-finals World Cup soccer match between Brazil and Germany on Tuesday. Market experts say the defeat may put Brazilian markets under pressure. Photograph: Leo Correa/AP Photo

Conventional wisdom has been that a Brazil loss at home in the World Cup would be a positive for the country’s financial markets. A defeat, the argume(...)

I admire the Bank for International Settlements. It takes courage to accuse its owners – the world’s main central banks – of incompetence. Yet this is(...)

US Attorney General Eric Holder speaks during a news conference at the Justice Department in Washington, DC after Swiss bank Credit Suisse AG  pleaded guilty to conspiracy to aid and assist US taxpayers in filing false income tax returns and other documents with the IRS. Photograph: Alex Wong/Getty Images

Credit Suisse became the largest bank in 20 years to plead guilty to a US criminal charge, and will pay a $2.5 billion fine to authorities for helping(...)

Construction cranes in Shanghai: Property investment turned negative in four of China’s 26 provinces in the first quarter of 2014. Photograph: reuters

Recent research by Nomura and UBS seems to suggest the Chinese property market is in more trouble than originally thought. The downturn will be trigge(...)

Issue was two times oversubscribed with an order book of about €1.5 billion. Photograph: Gareth Chaney Collins

Bank of Ireland has raised €750 million in three-year senior unsecured funding.The bank said yesterday that there was “strong” investor demand for the(...)

Workers process laptop accessories at a factory in Dazu, Chongqing Municipality. China’s factory activity shrank for the fourth straight month in April, signalling economic weakness into the second quarter. Photo: Reuters

China’s factory activity shrank for the fourth straight month in April, signalling economic weakness into the second quarter, a preliminary su(...)

AIB has issued € 500 million in debt, attracting bids of more than four times what was on offer.

AIB has issued €500 million in debt, attracting bids of more than four times what was on offer. (...)

Traders work on the floor of the New York Stock Exchange during the afternoon  in New York City. The Dow fell more than 160 points by the end of trading as technology stocks slipped. Photograph: Andrew Burton/Getty Images

Stock market investors have just taken a $275bn bite out of the world’s largest publicly traded internet companies. The 14 companies, wor(...)