Former Rabobank employee Anthony Allen was convicted alongside Anthony Conti. Photograph: Reuters

A New York jury convicted two ex-Rabobank traders of rigging a key financial benchmark in the first such trial since the US government pledged in Sept(...)

Ryanair followed up this week’s news that it made €1 billion surplus in the first half of the year with strong passenger numbers for October. Its shares added 1.07 per cent to end the day at €14.66

European shares closed off their highs yesterday amid continued fallout from the Volkswagen emissions scandal and indications from Federal Reserve cha(...)

The watering down of financial targets overshadowed UBS’s profit rise. Photograph: Arnd Wiegmann/Reuters

UBS, Switzerland’s biggest bank, watered down some of its financial targets yesterday due to a tough economic backdrop and new Swiss capital rules,(...)

Alan Werlau: senior investment strategist at Davy

Davy, the stockbroker and wealth manager, is continuing its senior hiring spree with the addition from the US of former UBS banker Alan Werlau as its (...)

Deutsche Bank new chief executive John Cryan (R) and co-chief executive Juergen Fitschen address a news conference in Frankfurt, as bank reveals plans to cut its  workforce by 15,000

Deutsche Bank is slashing 15,000 jobs and shedding assets in which some 20,000 staff are employed, as new chief executive John Cryan starts to implem(...)

A judge told former UBS trader Kweku Adoboli he had suffered a ‘spectacular fall from grace’. Photograph: Reuters

On an unseasonably sunny autumn day in the City of London, a group of about a dozen traders at a commodities brokerage firm were perched around a conf(...)

Philip Lane: has shepherded some of the finest minds in Irish and European economics through their doctoral research theses. Photograph: Eric Luke

Eminent Trinity economist Philip Lane’s impending elevation to the governor’s chair at the Central Bank was warmly welcomed by the corduroy-jacket-wea(...)

Building materials group CRH gained 1.54% to close at €24.685 on trades totalling more than 800,000 shares

Markets surged yesterday after European Central Bank (ECB) president Mario Draghi signalled that its stimulus programme would continue well into next (...)

Tidjane Thiam, chief executive officer of Credit Suisse.   Credit Suisse is emphasising wealth management and growing in Asia, echoing moves by rival UBS. Photograph: Alessandro Della Bella/Bloomberg

Credit Suisse has set out plans to raise 6 billion Swiss francs ($6.3 billion) from investors, slim down its investment bank and cut jobs as new chief(...)

 Scandal-plagued Deutsche Bank has announced a sweeping business and management shake-up that would “fundamentally change” its leadership structure. (Photograph: DANIEL ROLAND/AFP/Getty Images)

Deutsche Bank is restructuring its business, splitting its investment bank in two and parting ways with some of its top bankers as the new chief exec(...)