European Commission President Jean-Claude Juncker is due to announce the three-year initiative this week (Photograph: Ian Waldie/Bloomberg)

The European Union is understood to be planning a €21 billion fund to share the risks of new projects with private investors. The new entity is design(...)

Ulster Bank staff were informed of the bank’s plans on Friday and informed that no other branches would close in 2015.

Ciarán Hancock, Finance Correspondent Ulster Bank plans to close 14 branches in the Republic next March as part of the latest round of its cons(...)

A flag flies above the head office of the Royal Bank of Scotland (RBS) in St Andrew Square in Edinburgh

Royal Bank of Scotland was fined £56 million by Britain’s financial regulators for a system crash in 2012 that left millions of customers unable to m(...)

RBS could be slapped with a penalty of up to £50m by the Financial Conduct Authority. Photograph: Simon Dawson/Bloomberg

Royal Bank of Scotland is braced for a fine worth tens of millions of pounds as soon as this week for a major IT meltdown that left customers without (...)

The Bank of England has produced a plan that will see intelligence about cybercrime discovered by British security agencies such as GCHQ in Cheltenham (above), being shared with institutions. Photograph: PA

Five masked men entered the Royal Bank of Scotland branch in Tollcross in Edinburgh last month, brandishing weapons as they threatened staff and deman(...)

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(...)

National benchmark indexes fell in all of the 18 western European markets yesterday. Photograph: iStockPhoto

European stocks fell yesterday as banks dragged the Stoxx Europe 600 Index lower and Nato said Russia had sent troops and heavy weapons into Ukraine.(...)

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(...)

The fine is in addition to a redress scheme required by the Central Bank under which Ulster Bank paid about €59 million to affected customers. Photograph: Alan Betson

Ulster Bank has been fined a record €3.5 million by the Central Bank of Ireland and reprimanded over the serious failings of its IT systems in June a(...)

The “reputational damage” suffered by Royal Bank of Scotland (RBS) and its Ulster Bank subsidiary in the wake of the financial crash was “self inflicted”, a senior RBS executive admitted yesterday.

The “reputational damage” suffered by Royal Bank of Scotland (RBS) and its Ulster Bank subsidiary in the wake of the financial crash was “self inflict(...)