Some 40 banks were involved in the Spanish class action. Image: Thinkstock

Banks including Barclays and Santander face an €5 billion bill after a Spanish court ruled that the millions of fixed minimum rate mortgages are null (...)

European Central Bank president Mario Draghi: the ECB has been warned by senior bankers over its expected deposit rate cut. Photograph: Yves Herman/Reuters

Some of Europe’s most senior bankers have warned the European Central Bank of the dangers of negative interest rates ahead of a widely anticipated cut(...)

A group of hedge funds, convinced they have found the next Big Short, are looking to bet against bonds backed by subprime auto loans.

A group of hedge funds, convinced they have found the next Big Short, are looking to bet against bonds backed by subprime auto loans. Money managers(...)

Deutsche Bank’s € 1.75bn contingent convertible bond traded below 75 cents on the euro — its lowest level — a 19 per cent fall in price this year. (Photograph: Krisztian Bocsi/Bloomberg)

Prices for the riskiest bonds sold by some of Europe’s largest banks plumbed new lows on Monday, the latest sign of investors reassessing their outlo(...)

People wait in line of a cash machine at a Santander branch in central Madrid

Santander’s fourth-quarter net profit slumped by 98 per cent, it said on Wednesday, hit by mis-selling compensation in Britain and slowing income in B(...)

Christopher (28), a banker with Santander and Kathryn (29), a researcher and lecturer in politics at the University of Manchester, met in 2005 at a(...)

First minister Nicola Sturgeon: She told delegates at th Scottish National Party’s conference in Aberdeen that there would be no second independence referendum until she was confident a majority would vote Yes. Photograph: Danny Lawson/PA Wire

When Nicola Sturgeon addresses delegates at the end of the Scottish National Party’s conference in Aberdeen today it will be as a leader with approval(...)

Annalise Murphy is competing at the Semaine Olympique Française this week in La Rochelle, France.

There may yet be a false dawn for Ireland’s Laser Radial Rio Olympic trial prospects because high campaign costs are a turn-off for several school gi(...)

Perils of protest: Not only does Catalonia risk leaving the euro, it could could also see FC Barcelona barred from playing in the Spanish league. Photograph: Gerard Julien/AFP/Getty Images

Catalonia would be excluded from the European Union if it broke away from Spain, according to opponents of the region’s independence drive. They also (...)

Fredrik Voss, third from left, and the Nasdaq team developing software to allow the trading of stocks in private companies on a blockchain, the kind of public ledger used in the Bitcoin market, in New York. Financial firms are looking at the network and software that make it possible for Bitcoin to move around the world instantly and inexpensively. Photograph: Sasha Maslov/The New York Times

Most people still think of Bitcoin as the virtual currency used by drug dealers and shadowy hackers looking to evade the authorities. But the innovati(...)