Deutsche Bank traders regularly asked rate submitters to make submissions that would benefit their trading positions Photograph: EPA

Deutsche Bank was ordered to pay a record $2.5 billion (€2.3bn) fine and fire seven employees to settle US and UK investigations into its role in rigg(...)

European Central Bank (ECB) president Mario Draghi holds a press conference at the IMF/WB Spring Meetings in Washington.

The euro fell across the board on Tuesday, as details emerged on a European Central Bank proposal to increase the insurance it would demand in return (...)

Brady Dougan is set to be succeeded as  chief executive of Credit Suisse by  Tidjane Thiam. Photograph: Jerome Favre/Bloomberg

Credit Suisse’s first-quarter net profit rose 23 per cent, exceeding analysts’ expectations, after market volatility boosted securities trading and on(...)

Chief executive Aidan Heavey has said Tullow Oil needs to be able to cope with oil prices of $50 a barrell “long-term”. Photograph: Cyril Byrne

Tullow Oil says it is making “about a third” of the more than 140 staff at its Dublin offices redundant, as the company slashes its cost base to deal(...)

Germany’s Dax, down 1.9 percent, underperformed the wider market, after a recent sharp rally and as the euro gained against the dollar. Photograph: Reuters/Pawel Kopczynski

European stocks slipped on Thursday due to Greece’s worsening financial predicament, while euro zone government borrowing costs, including Ireland’(...)

With recent data pointing to a economic turnaround, some financial market traders are already asking when and how the ECB might start scaling down its stimulus

European Central Bank policymakers gathering on Wednesday will examine possible further emergency funding for Greece’s banks as they take stock of a w(...)

HSBC Holdings said it was told by French magistrates that it would be subject to a formal criminal investigation in relation to the conduct of its Swiss private bank in 2006 and 2007

HSBC Holdings has been placed under criminal investigation by French authorities and made to post €1 billion bail over allegations that its Swiss priv(...)

Bank of Ireland rose nearly 1 per cent to close at 35 cent, buoyed by a sector-wide surge in stocks

Banks led European stocks higher after equities completed the biggest quarterly advance since 2009. The Stoxx Europe 600 Index added 0.3 per cent to (...)

Bank of Ireland gained 1.35 per cent to close the day at 37.5 cents. Its chief executive, Richie Boucher, said the bank would in future look to grow in the UK through bolt-on acquisitions, though he indicated there were no immediate plans. Photograph: Aidan Crawley

European stocks rose yesterday, trimming their worst weekly loss of the year, as the Stoxx Europe 600 Index added 0.3 per cent. The market in Dubli(...)

According to Think Beyond Plastic, an initiative which began in Silicon Valley in 2006, in the last two decades we have consumed more plastic than in the entire 20th century, going from 1.5 million tonnes in 1957 to 256 million  tonnes in 2010.

The material of a thousand uses has become the material causing thousands of problems. Plastics manufacturing is an industry as central to modern soci(...)